Bitcoin price today is holding onto its recent drop, leaving the token on course for its worst monthly drop since the cryptocurrency rout in May. The volatile token was trading at about $48,000 as of 1:40 p.m. Wednesday in Singapore, following a near 7% drop from a day earlier. It’s retreated some 16% this month, while the wider crypto universe has shed about $260 billion of market value over the period, according to tracker CoinGecko.
Demand for the most speculative investments has waned as 2021
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