Bitcoin claws back from crypto crash, bear case not done

The new year has been upon us for less than a month, but the Great Crypto Crash of 2022 has already caused a lot of investors pain.

The risk aversion dogging Wall Street has infected cryptocurrencies, resulting in a dramatic sell-off in digital coins that yanked Bitcoin (BTC-USD) below $34,000. While the token recouped some of those losses, most analysts think there’s more downside left to probe, especially with crypto’s growing correlation with other risk-on assets.

Like stocks, Bitcoin’s…

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