Bitcoin: $110K Support & 2020 Rebound? Post-Miner Sell-Off Outlook
The cryptocurrency market recently experienced a notable downturn, with Bitcoin's price momentarily dipping below the $110,000 threshold before demonstrating a partial recovery. This market movement, observed on Thursday, saw Bitcoin's value decline from approximately $110,400 to $107,500, representing a 3% loss within a 24-hour period, according to CoinGecko data. This trend was not isolated to Bitcoin; most major altcoins mirrored this trajectory, with nine out of the top ten non-stablecoin assets registering losses ranging from 0.9% to 5.3%.
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