Bitcoin tumbles to $93k as the bears get comfortable. Is it heading for $90k next?
Source Cryptopolitan
Bitcoin has continued its downward spiral as prices crashed to $93,000 early Friday. At one point, it even dipped to $92,808.07, a brutal 9% fall within 24 hours, per CoinGecko data. Now analysts are predicting that $90,000 might be next in line.
Days earlier, the apex crypto smashed past $108,000, making its fourth all-time high in a row, only to plummet back to earth as bearish momentum overwhelmed the market.
The trigger? A cocktail of nervous investors, shaky equity markets, and a Federal Reserve announcement of fewer interest rate cuts next year, right before they made it clear they never want anything to do with crypto.
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