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Bitcoin Losses Gather Pace, Largest crypto falters
Summary: Bitcoin tumbled 5.9% on Thursday, sliding below $33,000. The largest digital asset has trended lower ever since breaking through $40,000 amid growing speculation that the market is in a bubble. “Bitcoin just entered the danger zone,” wrote Edward Moya, senior analyst at Oanda. “This doesn’t seem like the end for the crypto bubble, you just ...
Bitcoin tumbled 5.9% on Thursday, sliding below $33,000. The largest digital asset has trended lower ever since breaking through $40,000 amid growing speculation that the market is in a bubble. “Bitcoin just entered the danger zone,” wrote Edward Moya, senior analyst at Oanda. “This doesn’t seem like the end for the crypto bubble, you just might need to see Bitcoin drop to $30,000 level before that institutional money sees value in it.”
