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BREAKING >>> bitcoin prices just fell over 5% in a matter of minutes, hitting as low as $41,500
After its eight straight green week, Bitcoin is finally taking a breather. The decline comes at a time of low volume and liquidity. Source: Kobeissi Letter
Jamie Dimon said that Bitcoin is primarily being used for criminal activity
Below are some facts about Bictoin and its use for illicit activities. Source: The Bitcoin Therapist
As highlighted by The Kobeissi Letter, options markets are suggesting that Bitcoin will hit $50,000 by January
This also happens to be the same month that Bitcoin ETF approvals are expected. Open interest for Bitcoin $50,000 strike calls is massive, as displayed below. A move to $50,000 would put Bitcoin up more than 200% from its low. Options are suggesting the run is only just beginning. Can Bitcoin continue to thrive after ETF approvals? Source: The Kobeissi Letter
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