Cryptocurrencies
Bitcoin Losses Gather Pace, With Prices Nearing Three-Week Low
- Bitcoin has struggled to stay above 10-day moving average
- Prices slide below $31,000 as investors call market a bubble
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Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzling rally gives way to pessimism that prices are too high.
Bitcoin tumbled as much as 11.3% Thursday, sliding below $31,000. The largest digital asset has trended lower ever since breaking through $40,000, and losses have accelerated in the past two days.