Bitcoin Quickly Slips From Record Highs: Reports
The experts say that there is specific news catalyst is involved in this move as it is pure technical.
LONDON: (UrduPoint/UrduPoint / Pakistan Point News-Feb 22nd, 2021) After surging to a record $58,354 just a day before, Bitcoin quickly fell down.
It reported: “It fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday,”.
The decline, however, was not tied to any specific news catalyst as some technical move was involved.