Bitcoin bearish tone prevails ahead of the year-end

As we rapidly approach the end of the year Bitcoin, the cryptocurrency with the largest market capitalisation continues the bearish sentiment. FTX’s bankruptcy has wide-reaching implications throughout the crypto market. On November 11, key cryptocurrency exchange FTX filed for bankruptcy.

Bitcoin, Ethereum and other cryptocurrencies started the new week on a mixed note and the pairs have shown very little price movement over the past 24 hours. Bitcoin (BTC) dropped more than 2.5% last week as investors dumped risk assets after the aggressive tone of the US Federal Reserve and the European Central Bank.

Is there more downside or will we see a recovery? - https://gulfbrokers.com/en/bitcoin-bearish-tone-prevails-ahead-of-the-year-end

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Thanks for the read! :blush: Not surprising if price eventually plumments to even as low as 7500. :thinking:

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