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. 

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

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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