Bitcoin set to extend losses this week as investors shy away from risk assets – Gulf News

The largest cryptocurrency slid as much as 2 per cent Monday to $38,709, extending declines from last month’s high to 20 per cent.

Price charts are signaling further declines, technical analysts say.

For all its recent losses, Bitcoin remains in the middle of a trading range that has held since the start of the year, between about $35,000 to $45,000.

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