Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on April 19, 2021, 07:00:57 PM

Title: Bitcoin dips under $60,000 — What's pulling down BTC price?
Post by: newshunter on April 19, 2021, 07:00:57 PM

Bitcoin dips under $60,000 — What's pulling down BTC price?

The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing.

Source: Bitcoin dips under $60,000 — What's pulling down BTC price? (https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price)

Would appreciate your opinion about this

Title: Re: Bitcoin dips under $60,000 — What's pulling down BTC price?
Post by: TomPluz on April 20, 2021, 05:38:00 AM

One of the many things I learned with the cryptocurrency market is that things can be ironic. After the celebrated listing of Coinbase, we are seeing Bitcoin pulled down in the market and usually if there is a big dip people will be speculating the reason/s behind such a market move. This time around there are some reasons as pushed by some quarters, though we have to understand that they can also be baseless and just very speculative, nothing more nothing less. In the past, BTC can go up, can go down for no reason at all and usually people will be ascribing reasons based on their own opinion - in many cases wild, wild opinion can spew. Such a very dynamic and very "creative" world we are in.