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Asian Market Update – Thursday: Cryptocurrencies drop from recent highs after more attacks from prominent figures

The Big Question: Is the establishment just scared or are they telling the truth? Prices of cryptocurrencies were pointing lower overnight during the Asian trading session on Thursday, shaking off some earlier gains seen on Wednesday, and again, more prominent figures in the financial world took aim at bitcoin and other cryptocurrencies. At midday in Asia, the bitcoin price was down by 0.58 percent to $4,175, despite a bit of a surge back from a low of $4,160 in early trading. The virtual currency saw big gains on Wednesday when it surged from about $3,884 to surpass the $4,000 mark […]
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