Bitcoin
$13,000 per Bitcoin (BTC)? Analyst Warns This Might Happen
Bitcoin’s recent crash has prompted warnings from analysts, including Jared Blikre, who says that the cryptocurrency could plunge to $13,000 if another major failure occurs. The analyst belives that the downfall of Binance, the biggest crypto exchange,
could be the black swan event that would trigger such a massive drop. Blikre, who made the comments on Yahoo Finance, noted that the recent down candle is the biggest seen in a long time. He also remarked that it could take a long time to deflate the leverage built up in the cryptocurrency system. As reported by U.Today, Bitcoin lost 6% of its value in less than an hour earlier today, hitting an intraday low of $22,000 on the Bitstamp exchange.
Bitcoin’s recent crash has prompted warnings from analysts, including Jared Blikre, who says that the cryptocurrency could plunge to $13,000 if another major failure occurs. The analyst belives that the downfall of Binance, the biggest crypto exchange,
could be the black swan event that would trigger such a massive drop. Blikre, who made the comments on Yahoo Finance, noted that the recent down candle is the biggest seen in a long time. He also remarked that it could take a long time to deflate the leverage built up in the cryptocurrency system. As reported by U.Today, Bitcoin lost 6% of its value in less than an hour earlier today, hitting an intraday low of $22,000 on the Bitstamp exchange.
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