In an extreme turn of events, the fire from Bitcoin Cash’s well-documented hardfork war has spread wildly across the entire crypto market, burning through virtually every cryptocurrency and leaving many investors burnt too.
In the last 24hrs, $28 billion has been stripped from the market, Bitcoin has fallen beyond the support of its long-standing safety net at $5,800, and USDT trading has more than doubled as traders flee from the flames and find safe haven in stablecoins.
Despite these heavy losses, the current bear market is showing no sign of slowing down as BTC continues to slide, now down at over -12% against the US dollar. So how long can this go on for? And, will Bitcoin recover soon? Let’s take a look at the charts and see.
The Story So Far
On the 1hr BTC/USD chart, we can see that the #1 crypto...
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