Post
Topic
Board Bitcoin Discussion
Re: Bitcoin crashed below $48K, is the bull market in danger?
by
jjdub7
on 23/02/2021, 10:57:22 UTC
Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.


https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

The falling price is quite noticeable around 20% and yet the trend remains upward.

Some people claim that this decline is due to an address that sold 2,700 BTC worth $ 156.6 million (against $ 58,000 per token).

Santiment noted that the same address sold just before the collapse of the price of various assets in March 2020. At that time, Bitcoin lost almost 60% of its value and reached $ 3,600.