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Should Investors Buy This Massive Bitcoin Price Dip? (Opinion)

  • The Wall Street spot ETF craze for Bitcoin, followed by President Donald Trump’s historic overtures to the Web3 industry and reelection with a mandate in November, pushed its price to all-time highs.
  • Bitcoin entered Q4 last year at $60,800 and reached a record high of over $109,000 on Jan. 20th. However, it experienced a significant correction to $85,000 to start off Q2.
  • The price of Bitcoin exhibited a fast growth, with a 40% increase for those who held it from October 1st to March 31st, raising concerns about its volatility.
  • Bitcoin's price movements have shown a positive correlation with US stocks, as well as with global orange prices, suggesting macroeconomic factors influencing its value.

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