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The crypto collapse: Here's what's behind bitcoin's sudden drop (cnbc.com)
- The flagship cryptocurrency fell to more than three-month lows on Wednesday, dropping to about $30,000 at one point.
- The recent slide is a reversal from the dramatic rise that started in the second half of last year.
- Part of the reason for bitcoin’s weakness seems to be at least a temporary reversal in broader acceptance for cryptocurrency, as well as regulatory concerns and weakness in more speculative areas of financial markets.
Posted : 18/06/2021 3:38 am