Bitcoin Stumbles Near New High But $5k Still in Play

Bitcoin Stumbles Near New High But $5k Still in Play

Bitcoin bears may have had the upper hand in their fight with the bulls on Tuesday, although the positive price action seen today suggests the cryptocurrency is still on the hunt for $5,000 (all-time high) levels. The bitcoin-U.S. dollar ( BTC/USD ) exchange rate clocked a fresh five-week high of $4,925 on Tuesday, but ended the session with marginal losses at $4,750. The decline lacked clear catalysts, however. Techies may consider overbought conditions responsible for the retreat, while news traders may blame Putin’s comments on cryptocurrency for stalling the rally at a time when record high was within touching […]

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