After spending most of 2022 trading between about $48,000 and $33,000, Bitcoin (CRYPTO: BTC) on Monday took a decisively bearish posture, plunging to $30,500 in a drop of over 11% in 24 hours.
What Happened: As the biggest and oldest cryptocurrency, Bitcoin sets the tone for the entire crypto sector, and the BTC price implosion has dropped the overall cryptocurrency market cap to $1.4 trillion.
Now that $30,000 is in close range, could a $25,000 BTC be next? Some popular analysts say yes, and it may occur …
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