Is Bitcoin ‘Melting’ or Has It Reached a Price Floor?

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Is Bitcoin ‘Melting’ or Has It Reached a Price Floor?

This article originally appeared on Forbes.com

Bitcoin prices have been suffering lately, falling to almost $42,000 today and reaching their lowest in more than three months.

The world’s largest digital currency by market capitalization dropped to as little as $42,102.35 this afternoon, according to CoinDesk data.

At this point, the cryptocurrency was trading at its lowest since February 8, additional CoinDesk figures reveal.

These latest declines fit into a trend of more sustained weakness, as bitcoin has lost more than 30% since reaching an all-time high of nearly $65,000 in mid-April.

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By | 2021-05-18T08:29:53-06:00 May 18th, 2021|Crypto, Silver|Comments Off on Is Bitcoin ‘Melting’ or Has It Reached a Price Floor?