BITCOIN: DRUNK ETERNO| CRYPTO | BTC

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The large falls in bitcoin and the so-called 'altcoins', the alternative digital currencies to the queen of cryptocurrencies this Friday, which have taken the price of the crypto asset to $38,500, a five-month low, leave a marked air of uncertainty in the market. Investors are wondering if it is now a good time to start buying or if the correction will continue to, at least, $30,000.

Related news

Bitcoin plummets to five-month lows amid wave of crypto sales
“Pessimism continues to grow among investors and traders when it comes to higher risk assets and this is mainly influencing the price of equities and bitcoin,” comments Naeem Aslam, head of analysis at Avatrade. And given the worsening conditions of Wall Street technology stocks, “the deep correlation with the stock market only indicates less usefulness (for bitcoin) as an investment class,” adds Neil Wilson, Markets.com analyst. .


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