Bitcoin On Track For Biggest Weekly Fall Since September As Janet Yellen And ‘Double Spend’ Spook Traders

The bitcoin price was set for its biggest one-week fall since September on Friday morning, having slipped around 9% since Monday.

Bitcoin – which hit an all-time high of close to $42,000 on January 8 – tumbled to around $28,000 in early Asia trading.

But it then recovered to around $32,537 by Friday morning. That means it is down about 9.2% since Monday, putting it on course for the the biggest weekly drop since declining by 12% in September, according to TradingView data.

Should the price tumble back towards the lows seen in the Asia session, the bitcoin price could be heading for its worst week since it crashed 33% in March 2020. Read more…..