Cryptocurrencies
Bitcoin Extends Tumble, Falls Below $7,000 to Lowest Since May
- Largest digital coin falls as much as 5.7% in Monday’s session
- Chainalysis says Bitcoin may continue to remain under pressure
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Bitcoin dropped below $7,000 for the first time since November, with the sell-off pushing the cryptocurrency to its lowest level since May.
The $6,500 level -- which the coin reached at the end of November -- is its next support line. Should it drop below that amount, it could tumble to $4,000, a level not seen since March, technical gauges suggest.