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  • Bitcoin is down 40% to start the year as investors sell risk assets.  
  • Stifel’s Barry Bannister is warning of further downside is ahead.
  • He said bitcoin could fall as low as $15,000, downside of 47% from current levels.

After its rally in March back toward its January levels, bitcoin is again biting the dust in 2022.

Bitcoin is down 40% on the year after falling more than 28% since May 4 alone. Much of the broader crypto world has followed suit.

Foto: Markets Insider
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