Katherine Webb: top related news
15.01 / 21:31
Bitcoin price plunge: Bottom seen at $40,000; upside ahead?
Investors searching for clues as to where Bitcoin price is headed next may want to take a look at what the options market is signaling. The world’s largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday. The drop put holders on edge. For one, it marked a downturn of roughly 40% from the coin’s record high in November. It also served as a test of what is seen by several technical analysts as a key support level: $40,000.