Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. The world’s largest cryptocurrency by market capitalization is still up about 23% year-to-date, although some traders are concerned about the looming ‘death cross,’ which could indicate a shift from a bullish to bearish price trend.

The death-cross is defined by a cross of the 50-day moving average below the 200-day moving average, which could occur over the weekend.

Still, some analysts remain…


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