Bitcoin enters bear market territory as risk assets plunge on new Covid variant

Bitcoin prices fell sharply amid the global sell-off in equities.fell sharply alongside other assets on Friday, hitting a six-week low and officially entering bear market territory.

Bitcoin sank 7% in the last 24 hours to $54,561, according to Coin Metrics data, its lowest level since Oct. 8. The cryptocurrency is down 20% from an all-time high of nearly $69,000 which it hit

you should be ashamed for publishing completely untruthful takes for and by the incumbent ruling class

Bull market signal

This is the beginning of a bear market. It will go higher but will do lower lows. Probably more to do with India banning Crypto in favour of their own Government cryptocurrency in the news lately, Massive sell-off in India.

ran out of cult followers and daddys credit cards

Every questions does not have to be answered in one line

alternative assets rise…defund the media omg

They are gonna peg the crash to the new covid variant.

What does Bitcoin have to do with covid

Thank god i sold the top at 69k for once

🥱🤡

Bitcoin FUD Alert 🚨🚨🚨 We can HODL longer then can FUD. 👑🦍💎🧤ᕦ(ò_óˇ)ᕤ 🤣 ElSalvador just bought the Dip.

Sell, sell, sell!!!! So I can stack more sats.

When the whole market news is panic bearish, it may be the rise.

Proof again that this Crypto is garbage

Gonna buy buy buy as much as I can. $MARA and $RIOT ad well

🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡

No it isn’t entering a bear market. Ppl, stop listening to the media and their research. It is a “bear market” inside of a larger building bull cycle. When it pops soon (as our economy crashes) crypto as a whole will go up with BTC at the head.

That’s not what they in first version of virus.

Huh?

Mr_WolfST هذا دليل قاطع رايحين فوق فوق

If professionals get down to business, the result will be impressive. This statement is more than true if we are talking about platform mstrade Terminal. This project was created by traders for traders, so there you can find all that you need to make your trading task.

Stable store of value

Who writes these titles? 😂

Bitcoin is being artificially propped up by Tethers and other stable coins counterfeiting USD into existence. Entire cryptoland is a massive fraud!

Bear markets are typically defined by a 20% decline or more from recent highs. Can someone educate CNBC that in Crypto we even don’t care 20% up & down! And in ALTS 20% + - are like 0.2% in conventional assets 😜

Writing articles about crypto and pretending that you have a handle on it, and understand the underlying reasons behind its fluctuation is comical. Admit it’s a casino…admit it.

Money falsification must stop and stop now

KingKong9888

📉 bear 🐻 market 🤣🤣🤣🤣🤣🤣 you guys are a clown

We’ve seen that people - yes Americans and all don’t give two shits about COVID anymore. We want to live. Enough with the scare tactics. I’m 2 shots plus my booster. Come at me bro!!!!! $AMC AMCTheatres

Maybe the new variant is going to transmit to blockchain, otherwise this sell-off makes no sense. 🤣

Correction, as we at CNBC continue to try to effect the market with fear propaganda we note that bitcoin is on sale for a special Black Friday special price, get it while you can!!

Not a bear market. It’s entering the same correction as seen in sept, and you’ll see it quickly rise. It’s the Black Friday sale for crypto.

Best time to buy. Sale sale sale

Straight up BS from a BS channel 🤣🤣🤣🤣

Tell me you don’t know about the size of common bull market corrections without telling me you don’t know the size of common bull market corrections

Wtf 😂

Yeah no

Bear territory... Sure! Economies struggling hard with inflation which doesn't stop going up, high debt, currencies depreciation, where people will put their money as a store of value, gold? Lol, sure... Bear Market for Bitcoin , aham

No one listens... 🤦‍♂️ It's not covid... It's pure market manupulation.😈⬇️

India was going to ban it too Now talking about regulations

Its a glorified general ledger with 0 uses

ElSalavador

Does new variant has something to do with crypto? 😂

Buying opportunities ...when a corrupted channel gives you signal like this.

bullshit

Black Friday sale

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