Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Bitcoin may be witnessing a healthy pullback. After having rallied more than 90 percent from a September low of $2,980, the bitcoin-US dollar ( BTC/USD ) exchange rate is trading at $5,240 today, a figure that, at press time, marks a new daily low. As per CoinMarketCap, the cryptocurrency has shed 7.37 percent in the last 24 hours. Week-on-week, BTC is up 9.9 percent, while month-on-month it is flashing 29 percent gains. Still, with prices having jumped above $5,000 (the previous all-time high) on Oct. 12, what we are witnessing today might be best considered a healthy correction, courtesy […]