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The cryptocurrency market controlled by bears as bitcoin (BTC) slips below $8000

The cryptocurrency market controlled by bears as bitcoin (BTC) slips below $8,000

Bitcoin (BTC) has settled below critical $8,000 during early Wednesday hours. Altcoins are deep in red, nursing losses from 1% to 8%. The cryptocurrency market is in retreat again. Bitcoin slipped back below $8,000 handle amid growing pessimism on the market; the majority of top-20 altcoins followed the lead.