Cryptocurrencies
Bitcoin’s Latest Swoon Raises the Risk of Key Technical Breach
- Largest cryptocurrency trades at lowest level since June
- Slump follows difficult stretch for backers of digital assets
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The outlook for Bitcoin isn’t looking good.
The cryptocurrency slumped Wednesday to below $8,000 -- back to its lowest level since June -- amid an influx of bad news that’s also weighing on the rest of the digital-asset sector. Technical indicators suggest the milestone is significant, and could lead to further pain.