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❕NEWS Bitcoin price fall results in a massive market loss

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AudraMiller

AudraMiller

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The price of bitcoin was seeing a good sense of recovery and there were many people that were starting to think that this coin will soon reach an all time high once again and that it may start to show profit for those that were unfortunate enough to invest in this coin at its peak. And whilst this did look promising for a while, there was recently a massive crash in the price of bitcoin. The price drop that happened yesterday saw the price of bitcoin drop from over 51k USD to around 42k USD, resulting in a market loss of over 200 billion dollars. What do you think about this drop and what could be the possible cause of this drop?
 
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Styleplus said:
Fast forward to today, bitcoin dipped beyond imagination from 60,000 dollars to 41,000 dollars living people in shock. Initially the early part of this year, alot of cryptocurrency expert forsee bitcoin hitting 100,000 dollars by December but the reverse is entirely the case.
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Right now from what i am seeing on the various cryptocurrency exchange sites that i am using it seems that bitcoin is still sitting at a price that is over 53k usd and so i am not sure where you saw a dip of this nature. Can you please elaborate on your source of this information.
 
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