Crypto Blog
It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February.At the time of this writing, BTC is trading above $56K, charting an increase of around 4% in the past 24 hours.
The cryptocurrency had previously crashed to a 5-month low to $53,550, but the bulls were able to push back and recover around $3K from the lows.The correction came amid looming fears of increased selling pressure because Mt. Gox started repaying its creditors, as well as the fact that the German Government is continuously liquidating the BTC they seized years ago in a high-profile case.This is all you need not to miss any price action in the raging crypto markets.
All in all, the market is obviously taking a breather but it’s interesting to see if this will last through the week or if there’s another wave of selling incoming. It’s worth pointing out that many experts have called the recent correction a normal one and have also reminded that 30% declines have happened well too often in the past during bul markets.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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