Bitcoin Faces Deeper Reset Risk as Bitfinex Warns of $70K Drop
By Kevin Helms
Bitfinex warned that bitcoin risked a prolonged decline as weak fund flows, uneven corporate demand, and broader market pressures tested its recovery. The exchange also flagged growing futures exposure and steeper altcoin losses. Bitcoin Faces a $75,717 Recovery Test Crypto exchange Bitfinex warned Nov. 11 that…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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