Bitcoin's price has gone from over $70,000.00 to less than $64,000.00 in a week's time. Yes, this looks and is discouraging for many people, I mean a lot of money was wiped out in a week. But being honest this is something that has to be expected. Crypto has ups and downs. i am hoping that this is just a temporary correction and we will see growth this coming week.
Was there any big event that caused this dump in prices? Not that I know of, this is just a very ddisagreeable surprise, which unfortunately, I think few people expected. Yes, people do know about price volatility in Crypto. But I bet almost everybody expected the curve to continue its positive ascent for a few more weeks.
Well it is what it is, right now crypto prices are down compared to last week, but look at the bright side, I bet many people bought crypto for way less than the price it is at now.