Bitcoin slumps below $7000 in crypto selloff

Author: Adam Button | Category: Cryptocurrency

Bitcoin under pressure

Bitcoin under pressure
Bitcoin has come under increasing pressure in the past few minutes in a quick fall to $6908 from $7100. The move hit over about five minutes and was likely technical. The December low of $7091 was broken and that set of a cascade of selling through $7000.

Bloomberg is out with a story about the continuing weight of the PlusToken scam but that's nothing new.

The big level to watch from here is the November low of $6530 but there is a fair amount of breathing room before we get there.

One date to circle is December 27. That's the expiration of the on-the-run futures contract.
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