I was shocked too and a bit disappointed, I don’t usually check the price of Bitcoin often but just a few days back when I checked it’s price it was around 29k then all of a sudden the price dropped so fast and i saw it to be around 26k. I was surprised but wasn’t really bothered about it because this is not the first time we are witnessing such fall in price and every cryptocurrency enthusiast would know what to expect, we are all aware that bitcoin is volatile and the price can move in any direction. It has even below 20k and still bounced back so definitely it will still rise again.
I only felt bad for my brother who recently invested in bitcoin, he invested some days back and his first encounter was a fall in price, such experience always discourages someone but it’s even better so he would not always expect an increase in it’s value.



Similar price crashes have occurred, and the market has always recovered gradually. Sometimes this process merely requires time, but it always happens. There must have been some sort of incident someplace which might possibly be the result of a massive sale of bitcoin someplace and from what I've heard, it has to do with Elon Musk's and SpaceX's interests. Although we don't know for sure, only large investors can have such a significant impact on the price of bitcoin. Let's just hope it doesn't drop any more but if it eventually does, there's no need to panic, we simply need to take advantage of the opportunity to keep acquiring more bitcoin.  We have experienced worse days, so let's continue buying the dip.