💨 Abstract

Bitcoin experienced a sudden 8% drop in value on January 3, 2023, due to rising concerns about U.S. trade tariffs, resulting in massive liquidations exceeding $2.3 billion. This decline pushed Bitcoin into an oversold zone, potentially creating rebound opportunities. Analysts are divided on whether the worst of the downturn is over, with some predicting a rebound if Bitcoin stays above recent lows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖