Highlights

  • Bitcoin in down nearly 70% from record high hit in November
  • Majority of investors expect digital token to fall further

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Bitcoin set to drop 50% from here to $10,000: survey shows

The $2 trillion bitcoin and crypto crash came alongside a stock market rout that was triggered by the Federal Reserve's decision to begin raising interest rates. 

Majority of 950 investors surveyed expect popular crypto Bitcoin to fall further halving its value to $10,000 as per latest MLIV Pulse survey.

Bloomberg reports 60% of the 950 investors expect a further crash in the token wile 40% remain hopeful that the digital asset will move back towards the $30,000 mark.

Crypto investors have seen $2 trillion being wiped out of the market as rising interest rates have reduced risk appetite globally pushing crypto enthusiasts to face a 'trading winter'.

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