12 May
Bitcoin under pressure
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.
