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Crypto: Bitcoin could hit $70,000 in December, based on this valuation model, some analysts say

Bitcoin slipped more than 4% after it rose above $57,800 on Monday, the first time since May.

The cryptocurrency BTCUSD is recently trading at $55,526, down 3.3% for the past 24 hours. Bitcoin is still up 12% over the past seven days. 

Most of the top 50 cryptocurrencies were in red as of 4 p.m. Eastern Time Tuesday, according to CoinMarketCap….

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