Should I buy bitcoin? Why the cryptocurrency is on the verge of a bear market
gems·@chrisluke·
0.000 HBDShould I buy bitcoin? Why the cryptocurrency is on the verge of a bear market
Resize icon Referenced Symbols BTCUSD 0.23% SPX -2.45% DJIA -1.75% GC00 -0.32% TSLA -8.06% ETHUSD -0.43% Bitcoin was on the brink of entering a bear market Tuesday as the volatile crypto asset suffered a double-digit plunge over the past 24-hour period. A single bitcoin BTCUSD, 0.23% was trading at $47,944.40, down around 10%, on CoinDesk, representing a roughly 18% skid for the popular digital asset from its rise over the weekend to a record at $58,332.36. The world’s No. 1 crypto had tumbled by at least 20% from that recent peak at one point over the past 24 hours, meeting the commonly used definition for a bear market. Bitcoin bear market? Bitcoin prices are flirting with bear market Tuesday, falling nearly 20% from a peak
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