Cryptocurrencies
Bitcoin Resumes Losing Streak After Weekend Strength Evaporates
- A drop to $30,000 threshold could spark steeper decline
- Dizzying highs and gut-wrenching lows are common in cryptoland
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Bitcoin started off the week on the backfoot after a recovery over the weekend proved fleeting.
The largest cryptocurrency dropped as much as 6.3% Monday and was trading at $33,656 as of 3:15 p.m. in London. Strategists have cautioned that a break below the key $30,000 level could spell trouble, while a move toward or above $40,000 is seen as heralding further gains.