Bitcoin Set to Close Week Near $3,000 as December Losses Mount

How Bitcoin investors lied to themselves to justify prices.Source: Bloomberg
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Bitcoin headed for its seventh weekly slump on Friday, holding above $3,000 -- a level it hasn’t broken below since September last year.

The largest digital currency was almost flat at $3,270 at 7:55 a.m. in New York, after slipping 5.4 percent Thursday, according to consolidated pricing compiled by Bloomberg. Bitcoin is down about 3.5 percent from the previous Friday. The wider Bloomberg Galaxy Crypto Index is on a five-week losing streak.