After Two Red Weeks, Bitcoin Is Nearly As Oversold As In March 2020

Overall, this was a tough week for markets across the board.

The news caused a widespread drop in the most important financial indices in the United States and other countries.

Today’s drop puts Bitcoin at $48,000 with lows of $47044, according to Tradingview data.

With near $8.000 lost, this would be the most significant gross price decrease in history, even though it has seen worst declines in terms of price proportions.

Indicators show that traders have not yet recovered from the panic episode of the previous days.

Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain-centered projects and hasn’t looked back ever since.

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