It’s “pretty typical” to see such corrections in crypto bull markets, said Strahinja Savic, head of data and analytics at FRNT Financial.
A Bitcoin slide from a record high earlier this week extended to more than 10% at one point, as reduced scope for looser US monetary policy crimped speculative zeal.
The price of the original cryptocurrency dropped as low as US$95,564 on Thursday, two days after setting an all-time peak just above US$108,000. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.
