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Bitcoin
bounced off its recent low on Friday after narrowly avoiding falling below the key $60,000 mark, but some market commentators suggested there’s more selling to come.
Late on Thursday, the world’s biggest cryptocurrency fell below $61,000 and hovered just above the $60,000 mark. As of 4:54 a.m. ET on Friday, Bitcoin was recovering slightly, trading at $66,015.
A number of factors have contributed to the bitcoin bear market, which began after bitcoin hit a record high above $126,000 in October.
