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26 July 2021

Bitcoin Might Already Be In A Bear Market, Investors Just Don’t Know It Yet

Bitcoin Might Already Be In A Bear Market, Investors Just Don’t Know It Yet


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Bitcoin has so far enjoyed a good amount of success these past years, and so it is not surprising that investors want to continue to believe that the digital asset will continue its growth spurt.

For about two months since bitcoin hits its $64K all-time high, the pioneer digital asset has suffered losses and corrections that have seen the price dip even further down than anticipated.

Massive sell-offs have seen the price plummet and with institutions showing more interest in the digital asset, the price has responded negatively.

And thus, with the current market trends, it is not a far stretch to say that bitcoin might have finally succumbed to the bear.

Bitcoin is currently trading at $31,365 and the market cap of the digital asset has now fallen below $600 billion.

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BTC gains 15% in 3 hours amid tight squeeze
published: 6 minutes ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

sentiment (-0.1) Negative

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