Author: RubenPriest, posted at –
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As if yesterday’s drop wasn’t enough, Bitcoin continued to plummet today.
Since December 27, 2021, Bitcoin has been inexorably in a downtrend. The
cryptocurrency had occasional moments of recovery, but the overall trend is downward. That had an extra effect this week with a large price drop of a few percent in one day.
Bitcoin decline
If you thought this would be it, you have wrong. Today the picture is not much different. At its lowest point, a drop of another three rock-solid percentages. The psychological limit of $40,000 was not broken yet, but due to the Bitcoin decline, the currency bundled eerily close to this limit.
to be a little hopeful in the short term. The currency bounced back from that massive decline. From $40,745 on
Coindesk, the coin rose to approximately $42,200. About the point where things went so wrong around 2:30 PM this afternoon, with that significant drop to Bitcoin.
There are no indications that the sentiment is suddenly going to spin. In short, sitting out the pain is the only thing owners who have stepped in much higher can do at the moment.
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