Bitcoin (BTC-USD) and Ethereum (ETH-USD) are tumbling in what has been an ugly start to the year for cryptocurrencies.
Bitcoin, the largest digital cryptocurrency, has extended its slide to fall to as far as $39,558 Monday morning, dipping below the crucial $40,000 level for the first time since September 2021. It is nearing what is known as the “death cross,” a bearish indicator which occurs when the 50-day moving average dips below the 200-day moving average, and could mean bitcoin is…
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