Bitcoin, Crypto and Darknet market
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“We see few bullish indicators that suggest we may be approaching the bottom,” Jefferies analyst Andrew Moss says.
Bitcoin and XRP price surge as crypto market bill nears key phase on February 10th. Bitcoin price has gained 5% in the past 24 hours, reaching $70K, while
Bitcoin fell below $67,000 for the first time in more than a year as investors fled risky assets, triggering automated sell-offs and broader crypto losses.
The crypto market has lost $1 trillion in market cap since mid-January.
Crypto markets extended losses amid heavy derivatives liquidations and macro headwinds, with traders bracing for further downside if bitcoin breaks key support.
Ultimately, it's always important for investors to keep their focus on the long term. With that being said, I predict that Bitcoin's price will reach $850,000 in 10 years. Image source: Getty Images.
Bithumb reportedly made a mistake that led to the accidental deposit of large amounts of Bitcoin to various users.
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.