Bitcoin Recovers to $55,000 Following Crash: What’s Next for BTC?
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Bitcoin saw a sharp drop from $65,000 to $49,000 in early August 2024 due to multiple factors such as Mt Gox sales and interest rate decisions.
Following the crash, Bitcoin's price has recovered and is now above $55,000, indicating signs of a potential recovery.
Some analysts are drawing parallels between this crash and both the 2020 Covid crash and other historic patterns.
Source: blockonomi.com ↗
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