Bitcoin (BTC) is looking on the verge of another sharp correction. BTC slid under $8,000 for a second day in a row, this time as a more permanent trend, with significant selling early on Friday.
BTC traded at $7,966.77, dipping below Thursday’s lows at $8,004. The drop accelerated, with volumes exceeding $15 billion in 24 hours. This shrank the BTC market cap dominance to 66.1%, getting farther from expectations for going above 90%. Altcoins are still holding on, though a deep quarterly correction is not out of the question.
The expectations for BTC remain almost the same - for a significant dip of about 40% before the next rally, fueled most probably by the halving...