) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long futures contracts.
Investors' main concern is still the possibility of a recession if the U.S. Federal Reserve raises rates for longer than expected. Proof of this comes from Dec. 2 data which showed that 263,000 jobs were created in November, signaling the Fed’s effort to slow the economy and bring down inflation remains a work in progress.to clients that"all told, financial indicators point to a recession on the horizon.
For example, a trader could have sold a put option, effectively gaining positive exposure to Bitcoin above a specific price, but unfortunately, there's no easy way to estimate this effect.Bulls probably have less margin to support the price
🪙 Bitcoin
$17k, what a joke, shouldn’t have been pushed down this far to begin with, yet high level people (criminals) collude (illegal) to pool their resources together and try to make it a reality. EVERYONE ELSE IS AT FAULT for giving these pieces of 💩 any credibility whatsoever
noshitcoins The only option is delegating their hash power on Coredao_Org to continue receiving rewards for next 81 years..
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