Bitcoin prices on Sunday afternoon were in free fall anew, with the world’s No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector. At last check, bitcoin prices BTCUSD, +7.72% were changing hands at $32,632 down 12% on the day, after hitting a 24-hour low of $31,179, which halved bitcoin from a mid-April peak at $64,829.14. The weekend carnage in crypto was drawing the attention of bulls and market participants, including billionaire Mark Cuban, who appeared to partly pin the slump on excess leverage and speculation on alternatives to bitcoin. Will bitcoin prices ever recover? One popular measure of anxieties in the crypto market, the fear and greed index was at 14, indicating extreme fear, after touching a level of greed last month at 55.
