Bitcoin is experiencing a sharp decline to 85,000 USD, wiping out hundreds of millions of dollars in investor assets! What is pushing the "king of cryptocurrency" into this downward spiral?
The main reason is believed to be expectations that the Bank of Japan (BOJ) will raise interest rates in mid-December. This move is triggering a wave of sell-offs of risky assets, including Bitcoin.
Analysts are concerned that BTC may continue to decline sharply, hitting the 67,700 USD mark, or even the 45,000 - 70,000 USD range if the current trend continues. Will the bear market history of 2022 repeat itself, and when will Bitcoin truly recover?
What do you think about this development? Please share your predictions!
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