Bitcoin Set for More Losses in Wake of FTX’s Collapse if History Is a Guide
- Weak December almost always follows November losses in token
- Question is whether balm of a less fiery Fed will ease anxiety
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A seasonal cryptocurrency pattern points to more losses for Bitcoin in December in the wake of the seismic collapse of the FTX exchange.
The largest token sank 16% in November and over the past decade it always went on to have a weak December following declines in the prior month, according to data compiled by Bloomberg.