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Home BlockchainBitcoin Crash Could Deepen to $38K, Say Analysts—Here's Why
Blockchain

Bitcoin Crash Could Deepen to $38K, Say Analysts—Here's Why

by Decrypt
written by Decrypt 0 comments
Bitcoin Crash Could Deepen to $38K, Say Analysts—Here's Why

In brief

  • Bitcoin could fall as low as $38,000, according to Stifel analysts.
  • The digital asset didn’t benefit from the dollar’s decline last year.
  • They also said Bitcoin’s dip is “ominous” for tech stocks.

Bitcoin has already tumbled far from its all-time high of $126,000 in October, but history suggests the rout could deepen before momentum shifts, according to analysts at Stifel.

In a note, analysts at the 136-year-old financial services firm predicted that Bitcoin could fall as low as…

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