Bitcoin's Sudden Drop Snaps Seven Straight Days of Crypto Gains

(Bloomberg) -- Are Bitcoin bulls getting nervous?

The largest cryptocurrency declined suddenly this afternoon absent any easily identified catalysts, putting the price on a pace to finish lower for the first time in seven days. Keep in mind that the decline was only as much as 1.6 percent, the biggest intraday drop since April 12.

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To contact the reporter on this story: Dave Liedtka in New York at dliedtka@bloomberg.net.

To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Andrew Dunn

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