Morgan Stanley points out that Bitcoin’s recent 50% retracement is nothing abnormal.
Bitcoin’s 50% drop in November’s record-high price is not unprecedented, and the correction is within the historical norms, as reported by Morgan Stanley research note titled “State of the Bear Market.” Estimating the reasonable value of cryptocurrencies is difficult because they trade in a speculative, unsteady manner, induced by the high volume of U.S. dollar …
Morgan Stanley points out that Bitcoin’s recent 50% retracement is nothing abnormal. Read More »
