Bitcoin Faces Volatility Amid Bear Market Fears
Bitcoin Faces Volatility Amid Bear Market Fears
Bitcoin's price experienced a significant dip, falling below the $100,000 mark to $99,075 before a modest recovery to $102,437. This volatility has unsettled traders and reignited concerns about a potential 'crypto winter' or a sustained bear market, questioning its status as a mature institutional asset.
Bitcoin’s sustained price above $100,000 was supposed to signal its arrival as a mature institutional asset. Instead, its sudden reversal below that threshold has unsettled traders and revived fears of another crypto winter. On Nov. 4, Bitcoin briefly dipped to its lowest level since May at $99,075, before recovering to approximately $102,437 as of press […]
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