Bitcoin Edges Lower But Prices Stay Above $9,000

Investing.com – Bitcoin edged lower on Wednesday, but prices remained above the $9,000-level.

was trading at $9,142.30 by 8:35AM ET (1235GMT), down about 1.5%, or $134.

There was no immediately apparent reason for Bitcoin’s drop, which began overnight.

Bitcoin has struggled to claw back to $10,000 in the last several weeks, and despite ending April with a gain of 33%, remains roughly 32% lower for the year.

Meanwhile, , the world’s second largest cryptocurrency by market cap, lost 0.6% to $677.45.

It briefly fell to as low as $630 on Tuesday after a report that regulators in the U.S. are exploring whether it should be treated like a security.

Elsewhere, ‘s XRP token was trading at $0.84881, up 1.4% for the day.

Altcoins were also on the frontfoot, as , and all posted gains on the day.

April was a great month for the crypto-space as investors returned to the market after the big falls suffered during the first quarter of 2018 thanks to a less negative backdrop.

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