In Bull Markets like the current one for Bitcoin, there is volatility. We believe it is volatility up, but still there are minor periods of decline. Be careful when you hear declines described as “free fall” as in this article:
Read Eric Lam take a look at the free fall in Bitcoin prices and how it could fare in near future on Economic Times:
Bitcoin extended a drop amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders. The largest cryptocurrency slid as much as 4.7% to a two-week low and was at about $52,250 as of 12:48 p.m. in Hong Kong. The token is mired in its longest losing streak since December. The wider Bloomberg Galaxy Crypto Index is also struggling. Speculation is growing that more of the latest stimulus checks in the U.S. will be spent in the real economy rather than markets as vaccinations help to return life to something more like normal.
Read his full article here.
For more see : Bitcoin.
