BTC/USD Forecast Fundamental Analysis | Bitcoin / US Dollar

Bitcoin crashed more than 10%, wiping billions from portfolios globally, on the day El Salvador made it a legal tender. Protest erupted across one of Latin America’s poorest nations, but the situation stabilized throughout the day. It will take time for the Bitcoin experiment to yield results, but high transaction costs and slow processing times remain an issue. Following the collapse in price action, selling pressure faded, and it offered patient investors a potential buying opportunity.
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