Why Bitcoin Was Sliding Tuesday Afternoon
The latest crypto rally that saw Bitcoin (CRYPTO: BTC) cruise to yet another all-time high (in excess of $126,000) reversed course on Tuesday. Over the 24 hours leading up to late afternoon that day, the bellwether cryptocurrency lost over 2% of its value.
Profit taking from investors wanting to book gains from the rally played a part in the Bitcoin slump. Additionally, the approaching one-week "anniversary" tomorrow of the federal government's shutdown reminded some of the vulnerability of risky assets like digital coins and tokens.
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Source Fool.com
