Bitcoin Erases Most of New Year’s Gains Amid Short-Term Profit Taking

Bitcoin Erases Most of New Year’s Gains Amid Short-Term Profit Taking
The bear returns
(Wellcome Library, London)

Bitcoin’s prices have surrendered much of 2021’s eye-popping gains in an equally breathtaking plunge, a drop traders and analysts said was mostly due to short-term profit taking by some institutional investors.

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