Bitcoin has a big week ahead of it. Traders see $8,500 as more likely than $34,000.


and other cryptocurrencies were little moved on Monday ahead of what could be a big week. The crypto continues to languish following the painful bankruptcy of exchange FTX last month, with market participants increasingly bearish on the outlook.

Bitcoin price fell 0.4% in the past 24 hours to $17,033. The biggest crypto continues to change hands just a quarter off its all-time high in November 2021, battered amid a selloff this year that accelerated last month with the shocking crash of FTX. The crypto exchange’s failure not only sent token prices plummeting – Bitcoin lost 20% in days – but also raised the prospect of tighter regulation and dampened institutional interest in the space. .


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