legalizing crypto payments nationwide. Over 60 deals from venture capital were still completed in November, bringing $800 million of capital inflows into the space. There are many great things being built during this time of uncertainty, but it is admittedly hard to ignore the current market conditions.Bitcoin is the bellwether of the entire crypto industry, and the market bottom may not yet be in.
As seen in the chart below, Bitcoin has historically reached drawdowns of 80% or greater from its previous highs during the halving cycle before climbing as it heads into the next bull market. While this cycle may be different due to all of the positive things Bitcoin and crypto have achieved over the past few years, it is still likely that it will at least touch the $12,000–$14,000 range before rebounding in the short to medium term.
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Why should interest fall?
Objection. Misleading.
Yea because it's better to enter in Bear instead of Bull... makes sense.
Then They will win.
Of course people want to spend USDt on cheap crypto to get richer quick.
Which is why people shouldn’t be worried holding cryptos that create value. Interest from consumers, corporations and governments is at an all time high
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Source: Cointelegraph - 🏆 562. / 51 Read more »