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

bitcoin enters bear market territory as risk assets plunge on new covid variant

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

  • Bitcoin prices fell sharply amid the global sell-off in equities.
  • Luke MacGregor | Bloomberg | Getty ImagesBitcoin fell sharply alongside other assets on Friday, hitting a six-week low and officially entering bear market territory.
  • Bear markets are typically defined by a 20% decline or more from recent highs.

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