Bitcoin falls deeply: is the bear market coming or is it the darkness before dawn?

Bitcoin fell for the fourth consecutive trading day, falling to its lowest point since February. On Friday, Bitcoin fell by more than 8% at one point, and the trading price fell directly below $54,000.

The reasons for the decline include the possible sale of Bitcoin by the government and creditors of the bankrupt exchange Mt. Gox, and the sale of Bitcoin held by miners in response to reduced profits.

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