Bitcoin Price Looks South After Worst Daily Loss Since November - 4 BTC News
Bitcoin’s (BTC) price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $ 4,100. The world’s largest cryptocurrency by market value hit a 3.5-week low of $ 3,503 yesterday, before closing (as per UTC) at $ 3,627 – down 9.4 percent on the day. That was the biggest single-day drop since Nov. 24 and the fourth biggest daily loss of the last two months, according to CoinDesk’s Bitcoin Price Index (BPI). Essentially, the hard-fought gains of the last two weeks have been erased in the last 24 hours. The cryptocurrency had carved