Bitcoin's Slide Dents Price Momentum That Dwarfed Everything
Bitcoin’s Slide Dents Price Momentum That Dwarfed Everything Bloomberg 1/11/2021 Vildana Hajric and Lu Wang (Bloomberg) -- While little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- and why it’s vulnerable to swoons like Monday’s. Last week, for example, Bitcoin managed to trade 179% above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble. The digital coin was up 120% ...
Source: msn.com