Bitcoin slid as much as 21% over Sunday and Monday in the biggest two-day slide since March. Bitcoin slid 12.4% to $33,342.26 as of 8:29 a.m. in New York. “Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.” In late December, Minerd predicted Bitcoin could eventually reach $400 000. “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement.

Source: News 24 January 11, 2021 15:33 UTC