Citi sees bitcoin potentially halving in value again
IBM shares rise after Barclays double upgrade
January 17, 2018Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify
January 17, 2018This post was originally published on this site
NEW YORK (Reuters) – Bitcoin may lose 50 percent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said on Wednesday.
The world’s biggest and best known digital currency, which fell below $10,000 on Wednesday, could fall into a range of $5,605 to $5,673 based on technical factors. This possible move “looks very likely to be very speedy,” the analysts wrote in a research note.
Reporting by Richard LeongEditing by Chizu Nomiyama
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