Cryptocurrencies

Bitcoin Ends Choppy Week As Price Drops Below $37,000

  • Digital coin poised for biggest weekly loss since September
  • Only level that matters is $30,000, Oanda’s Erham says
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Bitcoin’s record-breaking rally seems to have hit a wall, with prices looking to finish the week below $37,000.

After starting the year with a surge that took Wall Street by surprise, the volatile cryptocurrency has been range bound in recent days. Bitcoin dropped as much as 11% to $34,409 Friday. Over the week, it’s down the most since September.