Bitcoin traders say $34K was the bottom, but data says it’s too early to tell -Breaking
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© Reuters (BTCThe ) price fell 23% over the following eight days after it failed to breach the $45,000 resistance, February 16. Right after the February 24, 2002, breaking of $45,000 resistance, the price fell 23% to $34,300 on February 24. The Russian-Ukraine war escalatedThis caused a sell-off in risk asset prices.
Bitcoin fell to its lowest point in thirty days. However, Asian stocks also adjusted to worsening economic conditions. Hong Kong dropped 3.5%, while the reached a 15 month low.
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