Bitcoin hovers at $77,000 with 'broader downtrend intact'

Bitcoin (BTC-USD) hovered at $77,000 per token on Monday with some strategists cautioning that its recent sell-off may not be over as investors seem reluctant to buy the dip. The world’s largest cryptocurrency dropped sharply over the weekend to reach its lowest level since last April, and notch its fourth straight month of losses. The move lower coincided with President Trump’s announcement on Friday selecting Kevin Warsh to lead the Federal Reserve when Jerome Powell’s term ends in May, a nominee mar ...