Cryptocurrencies
Bitcoin Slides While Chatter About Central Bank Rivals Increases
- Talk of CBDCs could be diluting crypto valuations, says Vendig
- Bitcoin has been tracking its 20-day moving average line
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Bitcoin’s slide accelerated Thursday, with the coin drifting toward $31,000 once again while strategists eye a potential break lower.
The world’s largest digital asset fell as much as 4.1% to $31,472, its lowest level in about three weeks. Other cryptocurrencies also retreated -- Ether dropped more than 5% at one point while Litecoin lost a similar amount. The Bloomberg Galaxy Crypto index, which tracks some of the largest cryptos, fell 4.6% at one point.