Bitcoin price slide sends world’s top crypto into bear market
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The Bitcoin (CRYPTO: BTC) price is back above the psychologically important US$100,000 mark today. But the world’s first and biggest crypto remains well off its October all-time highs.
In afternoon trade on Thursday, Bitcoin is trading for US$103,020, up 1.6% since this time yesterday.
Wednesday saw the token tumble as low as US$98,962, according to data from CoinMarketCap.
That put the Bitcoin price down 21.6% since notching the record high US$126,198.07 on 7 October. And this saw the digital token enter a bear market, which is generally defined as any rapid price fall of more than 20%.
Still, longer-term holders should be sitting on some significant gains, with the price currently up 42% since this time…
