Bitcoin tapped a new multi-month high yesterday but was stopped shortly after and dropped below $21,000.BTC Sees New Peak But Dropsby Bloomberg’s senior analyst. More precisely, the asset jumped from $16,500 to more than $21,500 in the span of a few weeks.
The latest price increase and local peak came yesterday at over $21,600. The last time BTC was this high was in September last year. However, the bears intercepted the move at this point and pushed it south. As a result of the enhanced volatility, bitcoin slipped by more than $1,000 in hours and fell to a daily low of $20,400, even as the reserves on exchanges keep
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