Bitcoin pared back its big new year gains on Wednesday before slightly recovering on the third day of the year, thanks in part to a new bearish report by a crypto researcher.
On the 15th anniversary of the minting of Bitcoin’s genesis block, the most popular cryptocurrency was trading down 4% at about $43,300, down from the two and a half year high of $45,800 it reached on Tuesday, according to CoinGecko. That high came as Bitcoin jumped nearly 8% to start the new year.
