HONG KONG: Bitcoin halted a two-day slump as speculators saw a 29% plunge from its record high as possibly an excessive response to a technology upgrade getting cancelled.
The cryptocurrency was little changed at US$6,593, as evidence emerged that bearish investors started to cover their short positions. The drop earlier was as much as 15% from last Friday, when investors were prompted to switch into rival technologies.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
