Bitcoin's (BTC) downtrend expanded a couple of more rungs on December 3 after the cost fell beneath USD 54,000 and brokers will take note of that the every day outline of the for BTC/USD shows a striking expansion in selling volume.
Crypto Fear and Greed Index. Source: AlternativeInvestors appear to be worried about the rise of another Covid-19 variation and hawkish remarks from the Federal Reserve. In the mean time, veteran venture symbol Charlie Munger stoked the fire by contrasting by looking at the conduct of the cryptographic money market to the dotcom period that finished with the blasting of an air pocket.
4-hour graph of the BTC/USDT pair. Source: TradingViewHere's what investigators need to say about the current market and what to keep an eye out for as 2021 reaches a conclusion.
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