Bitcoin is trading off the highs as what seems to be China-related panic buying subsides in the past few days. Bitcoin’s little brother, Litecoin, is also down after yesterday’s liquidity spike retraced completely.
Bitcoin Off $455 Highs
Everyone’s favorite cryptocurrency is trading at $445 flat right now. This is almost $10 dollars below last week’s high at $454.98. That high reached seems to be (at least in part) due to panic buying after the People’s Bank of China guided the Yuan 0.51% down, to its lowest level since 2011. This led to market panic both in China and across the world.
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