Bitcoin is slipping
LONDON — The price of bitcoin is falling on Tuesday morning, after big gains over the last few days. Bitcoin is down over 4% against the dollar to $4,147.93 at the time of writing (11.00 a.m. BST/6.00 a.m. ET). Markets Insider The dip follows several days of big gains and record highs. Bitcoin broke through $4,000 a coin for the first time early on Sunday morning, a new record high, and continued to rise throughout Monday and early on Tuesday morning, peaking at $4,339.79. Investors are likely taking some profit after the rapid rise. Mati Greenspan, an analyst at trading platform eToro, told Business Insider: "Some profit taking is to be expected. Of course, if it gets out of hand there isn't any real support anywhere close." Elsewhere, Bitcoin Cash, the cryptocurrency that was split off from Bitcoin at the start of the month, is also down on Tuesday. Bitcoin Cash is down 2.20% against the dollar to $295.35 at the time of writing. Ethereum, the other major cryp
