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Home / News / Cryptocurrency

Is the bitcoin rally over?

Cryptocurrency

Is the bitcoin rally over?

Bloomberg Published on Mon, Jan 11, 2021 / 2:22 PM GMT+8

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The white-knuckle Bitcoin ride took another twist Monday as a two-day tumble in the digital currency stoked concern that the polarising cryptocurrency boom may run out of steam.

Bitcoin, the largest cryptocurrency, slid as much as 18% over Jan 10 and 11 to as low as about US$33,500 ($44,532.22). That’s the biggest two-day slide since May last year and follows a record high of almost US$42,000 on Jan 8.

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