December 21, 2024
Image default
Business

Bitcoin Investors Ponder Next Move After Stunning Price Drop

Published by
The Street

By Rob Lenihan Bitcoin and other cryptocurrencies have been severely battered. These are times that try bitcoin investors’ souls. The cryptocurrency has been tanking for the last several days, locking arms with the stock market and falling off the edge of a cliff. ‘To HODL or Not to HODL?’Bitcoin was up 1.3% to $31,718.69 Tuesday, down 54.1% from its Nov. 10 all-time high of $69,044.77. This is significant downturn, but a report by Glassnode said it remains modest when compared with the ultimate lows of prior Bitcoin bear markets. July 2021 reached a drawdown of -54.2%, and the bear markets of…

Read More

Related posts

Dollar slips while Aussie and Norwegian crown outperform

The_Proponent

Uber chief: law could idle operations in California

The_Proponent

Pfizer says its COVID-19 vaccine is over 90 percent effective

The_Proponent

Wall Street downplays worries in wishful start to 2022

The_Proponent

Facebook’s struggle with Gateway Pundit highlights challenge of containing disinformation

The_Proponent

U.S. airlines cut hundreds of Christmas Eve flights, but Americans carry on

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.