The bitcoin price has crashed toward $90,000 per bitcoin, down from almost $100,000 on Monday. The crypto price correction has wiped around $200 billion from the combined $3.2 trillion market.
@#3 ... Because overnight valuation drops of 10% or more are to be expected of investments, amirite? ...
Well, I don't consider Bitcoin to be an investment, probably more of a gamble than an investment.
But, yes, I have seen some stocks drop 10% (or more) in a day. And stocks I do consider to be an investment.
Crypto Market Crash: Here's the Main Reason Behind the Bitcoin 10% Drop (August 5, 2024)
thecryptobasic.com
... With threats of the U.S. market facing a recession ahead, investors are pulling out of risky assets. Consequently, Bitcoin (BTC) and the rest of the crypto market is facing an intense sell-off. With a 10% drop in BTC today, will Bitcoin retest the $50,000 mark?
Following a massive crash in the US markets on Friday, the global market sentiments are on a downhill slope. ...
Today, Bitcoin is under $54K, and Ethereum is below the $2,350 mark, with the downfall in altcoins amplified. Will the sell-off wave continue for a bearish trend this week? Let's find out.
Post-10% Drop, Bitcoin's Support Trendline Under Pressure
In the 1D chart, the recent negative cycle in BTC price from the $70K peak attains breakneck speed.
The downfall forms multiple bearish candles, leading to a streak of four bearish days, which has resulted in an 18% drop.
...
And for that article, I only went back to August of this year....
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