Bitcoin drops: a quarter in 24 hours

Photo source: iexgeld.nl 


You could wait for it: the price trap of Bitcoin.  Experts had expected him in January, but it looks like it is going to happen just before Christmas. In the past 24 hours, the price fell by more than 24 percent to less than $ 13,000.

Since yesterday, investors officially speak of a 'bear market', which means that the price is in a falling pattern. Now that is an important signal on the ordinary stock market, but with cryptocurrencies it happens more often. The decline is now, however, substantial and possibly not yet over. Four days ago, Bitcoin reached a price record of $ 20,000. Between Monday and Thursday there was already a big bite to collapse even further tonight.
Other large crypto coins also have sharp price falls.It is not the first time Bitcoin pulls down the rest of the market. Ethereum also recorded a loss of 26 percent, Litecoin down 31 percent and Bitcoin Cash lost 40 percent.


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