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Bitcoin falls back below $32,000 as prices struggle to find steady support
1 month ago | By Business Insider
Summary List Placement Bitcoin tumbled back below $32,000 as a brief weekend uptrend gave way to another bout of selling.
Bitcoin traded at $31,885.49 as of 12:15 p.m. ET Sunday, down 0.9% from 24 hours ago. The world's largest cryptocurrency has struggled to find a floor as volatile price swings cut into investor bullishness. The token notched its biggest one-week plunge since September on Saturday, and downward momentum continues to wipe out key support levels.
Several bearish developments weighed on bitcoin in recent sessions. The cryptocurrency plunged on Thursday after a report by...
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Bitcoin falls back below $32,000 as prices struggle to find steady support
1 month ago | By Business Insider
A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration
Reuters
Bitcoin fell back below the $32,000 support level on Sunday as the cryptocurrency's trading range narrowed further.
The token has steadily fallen from its early-January highs as experts warn of a market bubble and investors secure profits.
Still, prices sit roughly 11% higher year-to-date and some analysts expect the cooling volatility to attract more investors.
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