Sour mood spreads to crypto as bitcoin nears the lows of the month

Sour mood spreads to crypto as bitcoin nears the lows of the month

Bitcoin under pressure

bitcoin

Bitcoin has fallen about $3000 in the past four hours and is now threatening the lows of May. it traded up to $58,000 earlier today and then chopped around the $57,000 level. As broader sentiment has soured it’s coming under renewed pressure and is now down $2800 on the day to $54,000.

The lows this month are support and stretch down to $52,960 so there is still some breathing room but in crypto things can happen quickly.

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