Bitcoin prices are bleeding

Bitcoin prices are bleeding these days, retreating aggressively from all-time highs seen earlier in the month in anticipation of Coinbase listing on Nasdaq. During the subsequent sell-off, BTCUSD plunged to early-March lows below the $50,000 figure before correcting back to the 100-DMA that arrives just below the psychological handle. as such, bitcoin is down nearly 10% since Sunday, the biggest drop on the weekly price charts since late February. The slide in bitcoin may be attributed to the rise in other coins including Ether that spiked as much as 8.5% on Thursday to a new record high above $2,560.