Bitcoin’s latest slump is just a ‘natural breather,’ Genesis strategist says

Published by Andjela Radmilac on CryptoSlate

Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump.

However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s largest cryptocurrency is just taking a breather.

Bitcoin could just be gearing up for a new jump

After a dizzying climb to its all-time high of $69,000, Bitcoin experienced an equally sharp correction back to $55,000. The massive slump caused a stir in the crypto market, dragging almost every chart into the red and in....

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