21+ Why Did Bitcoin Drop Today Background. But rather than panic and holding through a downtrend, you can go short and turn falling prices into profits. It is no secret by now — the worth of the world's foremost cryptocurrency has cratered during the last couple of months, falling 46% from its highs in early might.
Massive Drop In Bitcoin Dogecoin Ethereum And Other Coin Prices What It Means For Investors The Financial Express from images.financialexpress.com
Bitcoin, however, is dodging the bullet thanks to an announcement from square (shares of which jumped nearly 3% this morning and remain up 1%). For those who don't why not? Which is why i literally view dips like this a bitcoin being on sale.
So this week the street spoke to bobby ong, the chief operating officer at the cryptocurrency data aggregator.
Even though it was trading sideways for the majority of last week, the leading. Bitcoin, although known for its sharp fluctuations, shocked the markets when in march the price crashed to almost half its value, bringing it down to $5000. This drop was speculated to have happened because of the coronavirus pandemic, which affected all businesses. Bitcoin is dropping once again.
