Bitcoins recent decline to $59,307 has triggered widespread concern across the cryptocurrency market, with more than $1.49 billion in crypto liquidations recorded within 24 hours. Despite the sharp sell-off, veteran market analyst Bob Loukas is urging investors to remain calm, arguing that the correction is a normal part of Bitcoins long-term market cycle rather than a sign of a failing industry. According to Loukas, the current downturn represents the final stage of a cleansing process within Bitcoins traditional four-year market cycle. He believes the correction is eliminating excessive… Read more
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