Bitcoin bounced back above $37,000 Tuesday a day after plunging to its lowest level since July in a wild start to the week.
However, the cryptocurrency still lost almost half of its value from its all-time high in November, promoting some investors to question if the recovery is short-lived and will be followed by a further downtrend. Bitcoin
BTCUSD,
+0.37%
is trading at around $36,542.
“I think we are going through a cyclical downturn. And this…
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