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Is $10,000 the new bottom for Bitcoin?


Well-known member
Sep 4, 2020
There’s never a dull moment in crypto! The beginning of last week looked promising, but the market soon began to tumble. In the end, the correction was eventually halted just above the $10,000 mark – a weekly drop of almost 15% from its $12,000 high. Ether too fell roughly 25%, and was red across the board for other small-and-mid caps.

It wasn’t just crypto that took a hit, though – the stock market also fell just before the weekend. The VIX Index, which measures volatility on the S&P 500 and is often called the fear index, jumped to the highest level in over two months.

It’s still too early to tell if this is a minor correction or a trend shift that means the fear is back. Last time we saw a significant spike in VIX, both the S&P 500 and BTC corrected sharply, but it all ended up as a minor correction before continuing to the upside. Will this happen again, or are we in for a larger correction this time?
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