Bitcoin tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.
A key long-term bitcoin price indicator is reporting oversold conditions for the first time in almost four years.
Bitcoin still has the potential to drop towards $3,000, despite a minor bounce from 15-month lows seen on Friday.
In a statement shared Thursday, ConsenSys announced that it is letting go 13 percent of its staff.
A strategic shift is in the works at ConsenSys, the sprawling venture studio dedicated to building ethereum-based businesses and products.
One of Coinbase's longest-servicing employees, risk operations manager Rees Atlas, has left the Silicon Valley cryptocurrency exchange for Twilio.
A quick recovery from one-week lows seen today may have helped bitcoin avert a bigger sell-off, but the bulls are not out of the woods yet.
Bitcoin may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days.
Bitcoin tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated.
Bitcoin is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months.
