Cryptocurrency Market Posts Minor Recovery But Bitcoin Downward Trend is Still Strong

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Cryptocurrency Market Posts Minor Recovery But bitcoin Downward Trend is Still Strong

As CCN reported yesterday, on May 24, the bitcoin price dipped below $7,250 as a massive sell-off from the $7,700 mark intensified. After three consecutive sell-offs within a 24-hour period, the price of bitcoin dropped from $7,900 to $7,250, eventually stabilizing at $7,400. Bear Market The cryptocurrency sector is in a short-term bear cycle. In … Continued

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