Right now, the cryptocurrency marketplace is colored RED as the correction is setting in. Bitcoin lost around 10% of its price after touching the $8,000+ level the other way and is now steadying at $7,300+ for now. Other major altcoins followed the same trajectory as they also shed some of what they gained the past few days. Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.
Just another turn of events confirming how volatile bitcoin and the rest of its gang is...one day we are all excited as it passed the $8K level and then soon we saw the red spreading like a big wildfire. However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize.
Not a new thing yet we have seen on how this crypto do moves out when it comes to volatility.We do enjoy seeing price increase and it can turn tables
in a matter of few seconds or minutes possibly which do came from happy to panic mood.When it comes to price trend its no surprising that BTC would
always be the leader which if it do decrease the most of alts will decrease too not actually a surprising event.