Bernstein analysts on Tuesday suggested that Bitcoin‘s (CRYPTO: BTC) correction presents an attractive entry point for long-term investors, particularly if prices dip below $80,000. What Happened: The report coincides with a public endorsement from Eric Trump,

Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.