Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum | Currency News | Financial and Business News

• Bitcoin sank as low as $33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency’s massive rally.
• The token reached a record of nearly $42,000 earlier this month before momentum stalled.
• Analysts see $34,000 as a key support level for the token, while a move above $40,000 could revive bitcoin’s rally.
• Watch bitcoin trade live here.

Bitcoin tumbled below the key $34,000 level on Wednesday as selling continued to drag the largest…