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RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Monday, falling by 6.61 percent to $33,440 at 3:55 p.m. Riyadh time. It is also its lowest since July 23, as it suffered losses from an all-time high of $69,000 last November by 50 percent. Ether, the second most traded cryptocurrency, was priced at $2,207, down by 11.44 percent, according to data
The world’s largest digital asset is mired in its sixth straight day of declines, with the potential for still further losses.
The decline in Bitcoin has pushed it through all the latest levels of technical support, forcing traders to now take in $ 30,000 as the next line in t
Bitcoin is now 50 percent below its November peak and on Monday was trading at its lowest level since July.
Prices have slumped, raising fears about a crypto winter. FTiare/Getty Images A crypto "ice age" might be coming as the Fed slashes its support for