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Story summary
- Coinbase announced plans to buy the dip in Bitcoin amid a crypto market downturn as Bitcoin trades below $70,000.
- Standard Chartered cut its year-end price target for Bitcoin, while warning of likely capitulation before a recovery.
- Some crypto stocks, including Coinbase, have risen despite the downturn.
- Analysts say Bitcoin is testing crucial support levels and could rally above $80,000 if it breaks past $72,000.
