Cryptocurrencies
Bitcoin’s Dip From Two-Week Peak Highlights Key Technical Hurdle
- Token struggling to break trendline drawn from all-time high
- Oanda says less-aggressive monetary tightening may be tailwind
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Bitcoin slipped back Wednesday after touching a near two-week high, spotlighting the token’s struggle to vault a key technical hurdle and reclaim the $40,000 level.
The world’s largest cryptocurrency retreated about 1.3% to $38,300 as of 3:40 p.m. in Singapore, after touching $39,267 a day earlier. Ether, the second-largest coin, fell some 1.5%.