Citi sees bitcoin potentially halving in value again
Reuters
Published Jan 17, 2018 10:14AM ET
Citi sees bitcoin potentially halving in value again
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.
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Written By: Reuters
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