INSUBCONTINENT EXCLUSIVE:
indicators are showing there could be more pain ahead.
The GTI Vera Convergence-Divergence indicator, which detects positive and negative
trends, flashed a sell signal for the first time since April, suggesting there could be further downside as Bitcoin halts its recent monster
Connecticut-based Cipher Technologies
cent to $7,544.42 in New York trading
of other tokens slumped, with kin tumbling about 30 per cent after the Securities and Exchange Commission sued its parent company, Kik
Interactive Inc., for illegally raising $100 million through a 2017 digital-token sale
for Bitcoin, which is down more than 12 per cent since last Tuesday to trade below the $8,000 level for the first time in more than a week
The recent stumble is among its first downtrends of the year, which had so far seen a huge rally in digital assets on the back of
expectations of greater mainstream acceptance and new developments in the blockchain space.
Though Bitcoin briefly topped $9,000 last week,
it has not retested that level since
