Bitcoin’s collapse accelerated, with the world’s largest digital currency shedding as much as 4.6 percent Tuesday to $6,450, its lowest intraday level since February.
The virtual token is down from a record high of $19,511 reached in December, the culmination of the more than 1,400 percent surge seen in 2017 as it burst on to the mainstream.
It's testing what looked like support around ~$6,500 from the end of March/early April, which we mentioned yesterday, and holding for now. Dip buyers seem to be on strike, though we note it took them two weeks to show up at these levels in the spring before sending the crypto back toward $10,000.
Source: Bloomberg Pro Terminal
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