March 2, 2021
Business News

Bitcoin Price Sees Largest Daily Loss in 10 Months

Bitcoin ended Thursday down 13%, posting its largest daily drop since the market crash of March 2020.

  • The leading cryptocurrency’s drop is “probably just a dip,” according to Techemy Capital trader Josh Olszewicz, who is not expecting a prolonged correction.
  • Bloomberg analyst Mike McGlone agreed, telling CoinDesk he could see bitcoin “probing for support and resistance within a mostly $30,000 to $40,000 range for awhile until embarking on the next leg of the stair-step rally.”
  • But Guggenheim’s…

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