Bitcoin May have Hit Local Bottom After $400 Billion Sell-Off: Bitfinex Report

The price of the flagship cryptocurrency plunged last week to little over $53,000 after a massive $400 billion sell-off hit the cryptocurrency market that came after BTC dropped below its 200-day moving average for the first time in 10 months, but Bitfinex has suggested that “a potential local bottom has been reached.” Bitcoin’s aggressive sell-off