On the fence: If this is a crypto bear market, how long can it last?
Cointelegraph
Published Jul 17, 2021 09:07AM ET
Updated Jul 19, 2021 11:20AM ET
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peak
The downturn came at a time when many analysts were predicting exactly the opposite — a bull cycle set to run to new record highs within months — with some even speculating that a six-figure BTC price would materialize this year.
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Written By: Cointelegraph
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