Bitcoin, the digital asset synonymous with cryptocurrency, has hit a yearly low of around $ 3,400 as of Friday morning, with altcoins following suit.
The price of Bitcoin plummeted nearly 8% to $ 3,421.87 by the time of publication.
Bitcoin slipped more than 20% this week and nearly 50% this month, according to Cointelegraph’s Bitcoin Price Index.
“Bitcoin is very cheap right now. This should be the bottom of the bear market before the bounce, but it isn’t / won’t be. A lot of people are waking up to the crumbling economy and upcoming recession and are either one, not choosing to enter a highly specula…
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