Bitcoin’s punishing sell-off appeared to decelerate as prices settled around $47,000, after the largest cryptocurrency by market capitalization logged its steepest two-day loss since March 2020 early Tuesday.
- Bitcoin (BTC) trading around $47,851.27 as of 21:00 UTC (4 p.m. ET). Slipping 11.72% over the previous 24 hours.
- Bitcoin’s 24-hour range: $44,964.49-$55,053.91 (CoinDesk 20)
- BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians.
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