Bitcoin Correction Deepens, Marking Worst Week Since Trump’s Election Win

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The Bitcoin market pullback has deepened, with the asset extending losses over the weekend and into this week. 

BTC prices are currently down 12% from their all-time high of just above $108,000 on Dec. 17, and the correction appears to be deepening.

The asset hit an intraday low of $93,810 during trading in Asia on Monday morning but recovered quickly to tap $96,000 before another slip.

Those losses have resulted in a “bearish engulfing” weekly candle, as reported by crypto analyst “Rekt Capital.” All of the gains over the past month have now been wiped out in the correction.


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