Keyword Analysis & Research: bitcoin today price news

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Frequently Asked Questions

Is the bitcoin market in bear market territory?

Much has been made of the move in Bitcoin to bear market territory, following Friday's variant-driven decline. Of course, as the largest cryptocurrency in the world, when Bitcoin sneezes, other digital assets tend to catch a cold.

Why is the price of bitcoin so high?

Bitcoin and cryptocurrency prices have soared over the last year, partly due to the U.S. Federal Reserve's policy of ultra-low interest rates and huge cash injections into the financial system.

Is there a correlation between Bitcoin and Ethereum?

Such appears to have been the case with Bitcoin's directional move in recent days driving momentum across the crypto sector. Ethereum and Dogecoin have both traded in relatively strong correlation to Bitcoin, both on the plunge late last week and on this week's recovery.

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