Why is bitcoin plummeting

why is bitcoin plummeting

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Bitcoin fell 7% Monday after topping $44, last week, according to Coinbase. The move comes after a 12% advance for bitcoin in December. Bitcoin's price has been on a downtrend for three consecutive days due to a hawkish stance from the Federal Reserve and significant Bitcoin. The price of bitcoin dropped below $26, this week amid decreased activity in the market, the growing crisis in China's property sector.
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  • why is bitcoin plummeting
    account_circle Vukus
    calendar_month 09.01.2023
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    calendar_month 10.01.2023
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    account_circle Zuluhn
    calendar_month 12.01.2023
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    calendar_month 17.01.2023
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Bitcoin surges in biggest weekly rally in four months. Chart analysts agree the cryptocurrency would have to fall further still for them to reconsider the strength of the rally. Bitcoin has been on a steady climb in recent weeks, following a long period of market apathy that saw the price trade in a narrow range for months. Ginsberg said there's plenty of momentum left in the current bitcoin uptrend.