Crypto Analyst Sees Bitcoin (BTC) Potentially Falling Further, Even After Drop To $5,200 Off Tether News

As Ethereum World News just covered, the cryptocurrency market hasn’t been doing all too hot in the past while. As a result of documents from the New York Attorney General’s office revealing that Tether (USDT) and Bitfinex are likely on thin financial ice, Bitcoin (BTC) has dropped dramatically. 30 minutes after the report came to light, BTC fell by almost 10% to reach just under the $5,000 resistance level, at $4,950.

While Bitcoin and other cryptocurrencies have since recovered to some degree, with the BTC market finding some support in the $5,100 range, one analyst is worried that a further move lower could be inbound.

Original source
https://ethereumworldnews.com/crypto-analyst-bitcoin-plunge-drop-5200-tether-news/

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