Crypto tumble overshadows bitcoin’s bullish bid for ‘golden cross,’ amid China contagion fear

The total crypto complex was down over $200 billion on Monday, and bitcoin was registering solid losses, imperiling a potential bullish formation in the charts for the world’s No. 1 digital asset.

At last check, bitcoin
BTCUSD,
-1.53%

was more than 7% lower at about $44,376.50, and off 16% from an its early September peak. A recent uptrend for bitcoin had put the asset on the verge of a so-called golden cross, where the 50-day moving average…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *