Cryptocurrencies
Bitcoin Falls the Most in a Month Following Red-Hot Rally
- Some chartists see $14,000 as the next key level for Bitcoin
- Rising virus cases and lack of stimulus drive equities lower
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Bitcoin’s scorching rally lost steam on Wednesday amid widespread risk aversion, falling the most in a month.
The world’s biggest cryptocurrency by market value slumped 3.1% to $13,201 as of 2:40 p.m. in New York. Alternative coins including Litecoin and Monero also posted declines, while the Bloomberg Galaxy Crypto Index dropped 3.7%.