Bitcoin is having its bloodiest day in over a month: it collapses below $53K

While Bitcoin bulls are laser-focused on $100,000, bears have seemingly gained the upper hand.

The cryptocurrency has so far dropped 8.53 percent on Feb. 22, recording its biggest drop since Jan. 21, the day it plunged 13.44 percent in a day. The ongoing correction has come right after Bitcoin notched its current all-time high of $58,354 on February 21.

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