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Bitcoin: ‘Buy the dip’ or panic sell? How market reacted to BTC below $40K
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It would seem that Black Friday has come more than six months early. Yes, there were absolute scenes at crypto-exchanges after Bitcoin dipped below $40k before recovering to cling to a price of $40,059.17, at press time. This was after plummeting by 5.25% in a day, and losing 14.30% of its value in a week.
According to Santiment, it seemed likely that traders were buying the dip or at least thinking of it. The top trending word in the crypto-industry was “buy,” after all. Ergo, that should count for something,
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