First Mover Asia: Bitcoin Plummets, Dashing Hopes of a Quick Return to Its Record High

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Plummets, Dashing Hopes of a Quick Return to Its Record High
Good morning, Here’s what’s happening this morning:Market Moves: Crypto traders were licking their wounds – and looking for explanations – after bitcoin’s biggest single-day price decline in almost four weeks.Technician’s Take: Short-term indicators suggest limited downside into Asian trading hours.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $60,643 -5.16%Ether (ETH): $4,264 -6.77%Market movesBitcoin on Tuesday suffered its worst daily loss in almost four weeks, all but upending any near-term hopes of a return to last week’s all-time high near $69,000. The bitcoin price was down more than 5% over the past…