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Bitcoin Traders Expect More Pain Ahead After BTC Falls 50% From Peak

by Decrypt
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Bitcoin Traders Expect More Pain Ahead After BTC Falls 50% From Peak

In brief

  • Bitcoin fell below the $63,000 mark overnight, over 50% from last October’s all-time high mark.
  • Prediction markets now favor a drop to $55,000 before any recovery to $84,000.
  • Trump’s standoff with the Supreme Court over trade tariffs is fueling volatility, pushing investors toward gold.

Bitcoin sentiment has taken a dive on prediction markets as the price of the asset dipped below $63,000 earlier Tuesday, briefly putting it more than 50% below its all-time high.

Users on Myriad, a prediction…

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