Bitcoin could finally be hitting a bottom before heading higher. The digital currency is lingering above both the price and trend lines and a buying divergence is forming, flashing a positive signal.
Hackers have stolen $60-million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies.
The Great Crypto Crash of 2018 looks more and more like one for the record books.
Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated.
The market’s biggest digital coins dropped sharply on Wednesday amid a report that Goldman Sachs Group is pulling back on near-term plans to set up a cryptocurrency trading desk.