A recent rally in cryptocurrencies lost speed on Thursday, with the price of Bitcoin BTCUSD –0.79% and other cryptocurrencies sliding back as investors digested news that Tesla TSLA +9.54% had sold the lion’s share of its digital asset holdings.
The price of Bitcoin fell 3% over the past 24 hours to below $23,000, having advanced as far as $24,200 on Wednesday. The largest digital asset has given up some gains, but remains more than 15% higher from a week ago as a result of a rally
that has brought the total market capitalization of cryptocurrencies back above $1 trillion.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...