CRYPTO struggles to rebound as slump continues.

in #bitcoin3 years ago

Bitcoin fell on Friday, disappointing investors who were expecting a recovery.

Prices continued to hover around $40,000, with some suggesting they're gearing up for a "dead cat bounce" that can comfortably roll back over milestones.

However, it fell through Thursday evening and Friday, and other major cryptocurrencies continued to stagnate. Ethereum (ether), Cardano (ada) and dogecoin all fell, and soared along with Bitcoin at the beginning of the week.
Market experts appear to be divided over whether the rebound was part of a long-term bullish trend with Bitcoin hitting new highs in 2021, or simply following the same pattern that emerged after its 2017 highs.

There's been a lot of good news in the cryptocurrency space lately, which has contributed to positive predictions and price predictions for the $250,000 area.

The Tanzanian president has shown interest in adopting Bitcoin as a legal tender, the Tunisian finance minister wants to decriminalize the cryptocurrency, and MicroStrategy plans to invest an additional $500 million in BTC.

All the latest news, analytics and price predictions are here.

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