has once again dipped below the $70,000 threshold, facing a significant overnight sell-off that has left investors and enthusiasts pondering the future of the world’s most popular cryptocurrency.
Perfumo provided insight into the inherent volatility of the cryptocurrency market, emphasizing that consolidation phases are often expected after substantial bull runs. “Bitcoin’s volatility is still fairly low as compared to historical standards when it comes to bull runs.” Only 10% of the global population has adopted cryptocurrencies up until last year, as per the major market study.
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