Cryptocurrencies continue to struggle

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City AM

By Hamza Fareed Malik In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 days at time of writing. Can it pick up again soon? Other major cryptocurrencies have also struggled, with Ethereum (ETH) paring last week’s price gains and dropping back below $1400. During the past seven days, we have seen price declines for al…

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