Post
Topic
Board Bitcoin Discussion
Re: Bitcoin crashed below $48K, is the bull market in danger?
by
rodskee
on 23/02/2021, 11:11:51 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
it fell down to 46,000 level

https://coinmarketcap.com/currencies/bitcoin/

The lowest since the price surge to 50,000 this February , is there any News why does this Dumping happen ? i have not found any in cointelegraph.
I have noticed that the majority of people in this thread think that Bitcoin is not in danger. I dig this sentiment, but we must acknowledge the fact that although BTC now enjoys a rush of institutional adoption, we can still have major dips that might be "produced" intentionally by specialized hedge funds and algorithms in order to engineer liquidity for the big funds from the retail.
Reality tells yeah, People are just completely aware of this but they are hard to accept because of the recent uptrend that we cannot deny very overwhelming and promising .