Victorial
Active member
Just on Friday, Bitcoin dropped tremendously with other assets and it is looking like it will drop further. Accordig to FTX data, the world's biggest crypto coin fell by 10% for the day to the $54k price mark and it is currently trading on that price value. It is sad to report that that is the lowest it has reached since early October. In fact, the global crypto market value decreased.
With the $100,000 price mark still farteched, Bitcoin fell more than 20% after reaching an all-time-high of nearly $69,000. This was somehow attributed to the pandemic as the effect of the COVID-19 lingers on. This has caused digital assets to fall alongside other assets. United States futures plunged sharply and European stocks suffer a massive downfall in price.
Bitcoin holders will be confused as to whether to sell their coins or not. With gold also dropping, I don't know any asset worth keeping. This is the true definition of volatility.
With the $100,000 price mark still farteched, Bitcoin fell more than 20% after reaching an all-time-high of nearly $69,000. This was somehow attributed to the pandemic as the effect of the COVID-19 lingers on. This has caused digital assets to fall alongside other assets. United States futures plunged sharply and European stocks suffer a massive downfall in price.
Bitcoin holders will be confused as to whether to sell their coins or not. With gold also dropping, I don't know any asset worth keeping. This is the true definition of volatility.