Bitcoin Risks 20% Drop after Rejecting $10,500 Top; Here’s Why

Bitcoin is gawking at extended losses only hours after it established a new yearly high at $10,500. The benchmark cryptocurrency on Thursday plunged by 3.86 percent to circa $10,094, according to US exchange Coinbase. The crash took bitcoin’s spot rate down by more than $400 within just three hours, showing fresh signs of buyers’ exhaustion…

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Author: toutiao