After soaring above $93,000 per coin and touching a new all-time high on Wednesday, Bitcoin’s price dropped hard on Thursday—bringing other top virtual currencies with it and wrecking plenty of long positions in the process.
The biggest digital asset by market cap is now trading for $87,805, a drop of over 6% in the past 24 hours, CoinGecko shows.
Ethereum’s price dropped harder, and is down about 8% over the same period at a current price of $3,083.
The correction comes as investors wait for Federal Reserve Chair Jerome Powell to give a speech Thursday afternoon, where he’s expected to signal next monetary policy moves for the U.S. Stocks market indices are also down slightly on the day.
Many crypto futures traders who had gone…
Nov 15 2024
