Bitcoin tumbles to $36K as ARK’s Cathie Wood addresses BTC regulatory fears
Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits.
The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside resilience among traders near the $40,000-level.
Bitcoin price pulls back after testing its 200-day simple MA. Source: TradingView
Technicals and looming…
