Cryptocurrencies
Bitcoin Bulls Wonder Where's the Bottom as Volatility Returns
- Fork of Bitcoin Cash triggers concerns about miner exodus
- Decline pushes price toward $5,000 for first time since 2017
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Bitcoin advocates are asking how low will we go from here as the world’s largest cryptocurrency continued to slump following its biggest one-day loss in eight months.
The digital token fell as much as 6.3 percent to $5,202, having plunged through a key resistance level Wednesday after a period of relative tranquility. Many of Bitcoin’s closest peers also slid Thursday, while Bitcoin Cash, which splits today into two coins, was down as much as 15 percent.