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  • Bitcoin's bear market hits newcomers hardest

    From channelnewsasia.com

    They bought in haste - will they repent at leisure? A stampede of new investors hoovered up bitcoin at lofty prices as crypto fever ran high after Donald Trump swept to victory in the November U.S. presidential election. Now, barely six weeks after Trump was inaugurated, bitcoin has sunk into a bear market, drained by a sell-off in global stocks. Just weeks after hitting a six-figure all-time high, the largest cryptocurrency is now trading at around $80,000, down nearly a quarter from its January peak. A wave of investors that entered the market chasing bitcoin's rally past $100,000, especially those using borrowed ... (full story)

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  • Posted: Mar 13, 1:15pm (34 hr ago)
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 280

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