In the cryptocurrency world, surprising market momentum is not as uncommon as some may believe. While no one really expected the Bitcoin price to retrace so violently all of a sudden, a correction was on the horizon in any case. Right now, the drop to below $5,500 may seem scary, albeit it will likely end up as a blip on the chart in a few days from now. Bitcoin Price Retraces Sharply When the world’s leading cryptocurrency decides to take a break from its bullish trend, the altcoins are quick to drop in value as well. Right now, the entire
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