Bitcoin reclaimed the $20,000 level after recording its worst quarter in more than a decade
, the top cryptocurrency by market capitalization, managed to recover to $20,440 earlier today on the Bitstamp exchange, adding more than 6% over the last 24 hours.that the recent price spike may mark the bottom of the recent correction.
Last week, the flagship cryptocurrency logged its worst quarter in more than a decade, shedding more than half of its value. While many technical signals may indicate that the cryptocurrency has already reached the bottom of this correction, there are also those analysts who remain on the fence. Ross Mayfield, investment strategy analyst at US-based multinational independent financial services company Baird, recently
that the Bitcoin price could potentially plunge much lower. He explains that the largest cryptocurrency is currently dealing with “a challenging environment.”
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