Bitcoin has arguably had its worst week ever; after peaking at $9,200 last weekend, the cryptocurrency plunged as low as $3,800, marking a drop of 60 percent in under seven days’ time.
Although the price of BTC has since recovered to $5,400, with the asset showing remarkable strength in the wake of a capitulation event, some fear a return to the $3,000s, citing the bearish macro backdrop in global markets.
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