January 19, 2025
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

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

The_Proponent

Microsoft eyes entire operations of TikTok in talks: report

The_Proponent

Dollar rises on Fed expectations, Omicron worries ease

The_Proponent

U.S. stocks bounce, investors digest news of 2022 rate hikes

The_Proponent

UK suffers record recession on virus fallout

The_Proponent

Christopher Nolan Slams Warner Bros’ Decision To Release New Films On HBO Max: ‘We’re Working For The Worst Streaming Service’

The_Proponent

Leave a Reply

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