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Fears grow that bitcoin is entering a bear market
Gold crossed $5,000 for the first time, but digital gold is not shining — bitcoin has been stuck in the $86,126 to $88,607 range over the past 24 hours, in what some see as the start of a bear market amid accruing challenges. “While surveys suggest institutional investors are still bullish over the long term, fears are growing that bitcoin is entering a bear market — with a large proportion of institutional investors believing it may already be in one,” Nic Puckrin, cofounder of Coin Bureau, told Sherwood News. Puckrin said the chart is currently looking weak, and though a short-term recovery to around ... (full story)