Cryptocurrencies
Bitcoin Nurses Losses as Momentum Gauge Flashes Price Warning
- Largest cryptocurrency shed about 10% over the past four days
- Closely watched technical indicator hints at possible weakness
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Bitcoin nursed a four-day drop of about 9%, held back by a bout of risk aversion in global markets on jitters over tightening Federal Reserve monetary policy.
The largest crypto fell as much as 2.7% to $20,906 on Monday, though was back around $21,300 as of 10:08 a.m. New York time. Ether slipped also, and smaller tokens like Avalanche and Cardano lost more than 5%.