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Bitcoin slumps nearly 20% from all-time high as strategist warns 'we could correct quite a bit more'
Yahoo Financeยท 2025-11-07 19:29
Bitcoin (BTC-USD) had a rough week, with the token briefly slipping below $100,000, its lowest level in six months. On Friday, the world's largest cryptocurrency was sitting as much as 20% off its all-time high of above $126,000 notched on Oct. 6. Wall Street has attributed the slide to early adopters offloading their large holdings. Since late June, net sales from long-term holders have exceeded 1 million bitcoin, according to research from Compass Point analyst Ed Engel. A massive liquidation of lever ...