ShapeShift CEO Bullish On Bitcoin (BTC): Bears In Euphoria-5.65

On Saturday, after Bitcoin’s days of relative stability at $4,300, a fresh wave of selling pressure washed over crypto investors across the globe, sending Bitcoin well below its purported support levels at $4,000 and $3,800. The move, which came alongside an influx of trading volume, came seemingly unanswered at first.

Bitcoin’s market cap shriveled to a mere $62 billion, while altcoins underwent a sharp sell-off, sending this industry’s cherished assets off metaphorical cliffs. Although the market has since seen a respectable recovery, this didn’t stop this industry’s critics from taking to Twitter with glee, claiming that their nonsensical predictions had been proven right.

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