Shock ETF Data Reveals Bitcoin Is Braced For A ‘True Correction’ After $300 Billion Crypto Price Crash

Bitcoin and crypto prices have fallen sharply this week, with the bitcoin price dropping to around the closely-watched $60,000 per bitcoin level—with traders asking if it's "time to panic" after the crypto market saw $300 billion evaporate.

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The bitcoin price, which has rocketed higher this year as former president Donald Trump stokes fears of a U.S. dollar collapse, has found a floor at just over $60,000 per bitcoin, helped by wild speculation another tech billionaire could be about to start buying bitcoin.