Bitcoin (BTC) Slides Towards $80,000 as Crypto Rout Intensifies
Bitcoin’s (BTC) price is sliding towards $80,000 as the continued rout in cryptocurrencies intensifies.
TipRanks Black Friday Sale
The entire crypto sector appears to be crumbling in what’s being called the worst setback for digital assets since the 2022 bear market. Ethereum (ETH), the second-largest crypto after Bitcoin, has broken below its key support level of $3,000 and is now trading at $2,750.
Nearly all major cryptocurrencies have now given up their gains on the year and are at their lowest level since the tariff turmoil that roiled global markets in April of this year. Crypto has tried to stage several recoveries in recent days, but each attempt to climb higher has failed.
Leverage and the Fed
Many analysts…
