Bitcoin dipped below $80,000 for the first time in roughly a month Thursday before rebounding later in the session. Adam Lynch of Charles Schwab turns to what he's watching when it comes to price action in Bitcoin and Ethereum as they remain 25% and 35% lower year-over-year, respectively. That said, Adam believes Bitcoin trends point to the cryptocurrency's momentum staying intact long-term. He adds that regulation processes in Washington, D.C. are continuing even after the Clarity Act failed in the Senate.
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