Bitcoin (BTC), the world’s leading digital asset, experienced a significant price drop this week, further stoking concerns about the market’s future direction. As of Friday, September 6, Bitcoin was trading at around $56,786, marking a 4% decline for the week. This price drop triggered Bitcoin’s fear and greed index to nosedive to a precarious level of 22%, signaling an extreme fear that many believe could indicate impending capitulation.·
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