Bitcoin plunged below the key $20,000 threshold over the weekend, according to a strategist at UBS. James Malcolm told Insider crypto’s collaborative spirit has given way to an ‘every man for himself’ attitude. He said crypto is yet to face any meaningful regulations, which are likely to add to the pressure on the sector. UBS strategist said the ongoing slide is causing sentiment in crypto markets to sour. Bitcoin is the biggest cryptocurrency in the world and recovered on Sunday after plunging as low as $17,660, Bloomberg said. Bitcoin crashed below the $20k threshold on Sunday and was recovered on Monday and was on the way to $17k on Monday, Bloomberg reported. The world’s biggest cryptocurrency recovered and was recovering on Monday. . . .
Read more at markets.businessinsider.com