Launch of Facebook’s Crypto Could Push Bitcoin Over $10,000 This Month6

Over the past week, Bitcoin (BTC) has finally begun to falter. After weeks of non-stop bullish price action, which resulted in cryptocurrencies gaining 100% in two months’ time, buyers have begun to relent.

And as a result, BTC has fallen to $7,650 — around 20% lower than it was at its local peak, $9,100. In spite of this, many analysts are still overwhelmingly bullish, drawing attention to the fact that strong fundamental developments should drive demand for cryptocurrency.

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