Bitcoin Bears See More Peril After $300 Billion Crypto Selloff (BTC)
Bitcoin is headed for what could be its worst week since early March, with few signs that investors are getting ready to buy the dip after a rout that erased about $300 billion of digital-asset market value.
The original cryptocurrency has lost 6.2% so far this week, a period in which it dipped below $100,000 for the first time since June. Strategists now point to a range of indicators flashing warning signs for Bitcoin and the broader market.
