I’ve noticed that Bitcoin is currently under quite a bit of pressure versus gold. The ratio looks really weak—we’re in a true bear market when you compare the two. What’s interesting is that historical data suggests this bear market could keep going for cryptocurrencies versus traditional assets for a while longer. This isn’t the first time we’ve seen this, and the patterns repeat quite consistently. To me, this is a sign that we’re not out of the woods yet when it comes to crypto market dynamics. The weakness of the bear market could persist longer than many people hope.

BTC0.31%
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