First Mover Asia: Bitcoin Declines After Reaching a Record High; Ether Also Drops

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Declines After Reaching a Record High; Ether Also Drops
Good morning, Here’s what’s happening this morning:Market moves: Bitcoin soared past $69K before dropping below $65K.Technician’s take: Intraday charts are showing initial signs of upside exhaustion.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $64,626Ether (ETH): $4,613Market movesBitcoin faced a pullback below $65,000 in the past 24 hours, a more than 4% decline, after it surpassed $69,000 for the first time in its history during U.S. trading hours on Wednesday. Ether fell to about $4,600, a roughly 3% drop.The sharp dip came after news that China Evergrande Group failed to pay at…