Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on December 02, 2020, 01:01:35 PM

Title: Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility
Post by: newshunter on December 02, 2020, 01:01:35 PM

Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility

BTC price trims $1,600 in under two hours thanks to pressure from sellers near $20,000, while Ether also tanks below $600.

Source: Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility (https://cointelegraph.com/news/bitcoin-suddenly-crashes-below-19k-after-all-time-high-sparks-wild-volatility)

Would appreciate your opinion about this

Title: Re: Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility
Post by: Gravatai on December 03, 2020, 02:37:38 PM

Most likely this is just a correction after such a rapid rise in the price of Bitcoin. Many people remember the 2017 scenario, so they expect a similar price movement now. But now more large investors are entering the market, so I think that there will not be such a strong fall as it was at the beginning of 2018.