Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?
Strange how so few people wondered to ask when the opposite spike happened in twice the amount (20%) as opposed to barely 10% on this slide. If you're happy to take a 4k to 5k spike in a day, then you must be just as prepared to take a $500 slide in a few hours.
This is Bitcoin, this is crypto. It's volatile. Let's get over it any put on our long-term glasses, shan't we?
Also a sign of bullish market, higher low. It is true that in every price climb there is always a correction then a short sideway before going up again for higher high. Many people panic (probably newbies caught on the transition) but this is a natural occurrence in Bitcoin market. If only they are here for years, this plummet is nothing compare to the price decline last year.