A Bitcoin Correction Towards $55,000 Likely At The End of Week

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Sliding US bond yields undermined the dollar and prompted bitcoin's climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower this Friday on signs of firmer yields and a rebounding dollar.


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Why The Latest Correction Is Good For Bitcoin

Bitcoin has finally corrected downwards after being on a bull rally for the better part of this week. This is an expected development for a digital asset that has grown so much in such a short time. However, while some in the market lament this downtrend, it is important to look at what a correction like this might mean for the digital asset. Because it may do more good than harm in times like these. Is This Correction Bad? For any upward recovery, there is bound to be a correction. This can be either good or bad depending on the circumstances surrounding the market movements. This time....