Bitcoin fell sharply alongside other assets on Friday, hitting a seven-week low and officially entering bear market territory.
The world’s biggest cryptocurrency sank nearly 8% in the last 24 hours according to Coin Metrics data. The slide brought bitcoin to its lowest level since early October.
Other cryptocurrencies took a hit as well - Ether, the second-biggest crypto, fell more than 10%, while XRP slumped 9.9% and returned to prices under the $1 level
The price drop is happening in tandem with other investments in resopnse to a new, heavily-mutated variant of the coronavirus.
..and it's circumstances like this which the pro's look at, and see a signal to BUY!
Video Courtesy Of CNBC
Video Courtesy Of CNBC
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