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Bitcoin Might Tumble Again Into the Bear Market!

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Bitcoin might face another bear market trend and investors should think before investing in it

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Bitcoin price has been dropping since late November and early December in 2021. Currently, the market value of BTC is stuck below US$50,000

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The price of BTC shot up shortly after the Biden administration initiated the executive order that encouraged crypto adoption in the country

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BTC matures and becomes more widely used, its price becomes increasingly correlated to the prices of traditional assets like stocks

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This growing correlation triggers price declines in the traditional markets, which also results in greater price declines for Bitcoin.

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Monitoring the price movements of the crypto market will also enable the investors to assess the broader financial markets with more efficiency.

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However, some crypto experts believe that Bitcoin will unbelievably reach US$200,000 by the end of this year.

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It should not affect your decision to invest in cryptocurrencies. This is why experts have always recommended keeping crypto investments less than 5% in investment portfolios.

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A bearish market trend will obviously affect the global crypto market adversely, but it is essential that investors keep their financial bases secured before creating a long-term investment strategy.

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Top 10 most-trusted cryptocurrency wallets to safeguard saving