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Cryptocurrency Market Extends Losses for Third Day

Jan 9, 2025

The Defiant reported on three consecutive days of losses in the cryptocurrency market, with Bitcoin falling to $91,300, and total liquidations reaching $404 million. Abra’s Founder and CEO, Bill Barhydt, weighed in, predicting that while Bitcoin may experience choppy price action in the short term, a shift to quantitative easing could trigger a major rally. This could potentially push Bitcoin to $200,000, sparking an altcoin season.

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