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Bitcoin steadies after retreating over 30% from November record
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economictimes.indiatimes.comBitcoin steadied after dropping further from its November all-time high as the prospect of reduced central bank stimulus hurts speculative demand for cryptocurrencies. The digital asset traded at $46,435 as of 6:47 a.m. in London on Tuesday following a 6.3% drop a day earlier. A wide range of other tokens such as Ether, Solana and Dogecoin were also nursing losses. Virtual coins have struggled lately along with other speculative investments like meme stocks, in part as the Federal Reserve and central banks elsewhere scale back the tide of pandemic-era liquidity that lifted a variety of markets.
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