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Bitcoin Shows Some Signs of Stabilization After Brutal Decline

  • Largest digital token has lost close to 30% this month
  • Trading Envelope gauge may be showing Bitcoin forming bottom
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How the Coronavirus Fallout Impacts Bitcoin

Here’s some good news for cryptocurrency fans: Bitcoin is showing signs of stabilizing after suffering a severe decline amid the wider coronavirus-induced meltdown.

Based on the last four trading days, the largest digital token has bounced from session lows to gradually mark higher-lows, a signal it may be forming a bottom after the almost 30% decline this month.