Cryptocurrencies
Bitcoin Momentum Ebbs Heading Into Last Stretch of Record Year
- Largest digital asset has dropped to its 50-day moving average
- Inflows into US ETFs investing in the token have begun to cool
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Bitcoin is flagging in the last leg of a record-breaking year.
The digital asset changed hands at about $93,944 as of 06:08 a.m. in New York on Tuesday, roughly $14,000 below the all-time peak set on Dec. 17. The cryptocurrency has dipped to its 50-day moving average, which some view as a reason for caution.