Comment on Bitcoin tumbles by more than $2,000 as cryptocurrency bulls cash in on this month's stellar run

Bitcoin tumbles by more than $2,000 as cryptocurrency bulls cash in on this month's stellar run

Reuters/Lucas Jackson Bitcoin fell over 10% on Thursday as cryptocurrency traders cashed in on their Bitcoin holdings that have gained 20% in value this month alone. The digital token looked set to hit a record high of $20,000 this week.After such a swift rally, traders said a number of large investors booked profits on their holdings — many of which may have been moved to exchanges to secure a better price."It feels more and more like we're hitting a Bitcoin tipping point," a crypto trader said.

 

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