Post by: newshunter on January 23, 2021, 01:00:31 PM
After a day of intensifying sell pressure, Bitcoin price dropped below $29,000 for the first time since January 5.
Source: Crypto market cap falls by $113B as Bitcoin price tumbles to $28,750 (https://cointelegraph.com/news/crypto-market-cap-falls-by-113b-as-bitcoin-price-tumbles-to-28-750)
Would appreciate your opinion about this
Post by: TomPluz on January 24, 2021, 05:46:47 AM
I am not an expert with Bitcoin numbers and trading charts, but I am guessing that what happened can be considered as just one of the normal things here. This is in fact a very healthy thing, in the long run. BTC is now back at $32,000+ so the dump was just a temporary thing which can happen if there will be profit-taking by big investors and holders of the assets. I am sure they are now back holding what they sold and smiling for the profits made.