Here are key reasons bitcoin prices are tumbling

A fresh record high for bitcoin is going to have to wait, if it comes at all.

Bitcoin prices
BTCUSD,
-0.83%

BTCUSD,
-0.83%

on Friday were being pummeled, pushing the cryptocurrency into correction territory, commonly defined as a decline in an asset from a recent peak of at least 10%.

At last check, Bitcoins changed hands on CoinDesk, down 2.4%, at $16,714, representing a more than 14% decline from its 52-week peak…


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