Fear, uncertainty and doubt are rampant in the cryptocurrency community the morning after Bitcoin and many other cryptocurrencies experienced a rapid and significant drop in price overnight. Rapid declines in price can be unnerving but before taking any rash actions such as liquidating your HODL portfolio or halting any trading activity its important to take a step back and assess what transpired.

Let’s look at a few specific questions: (1) What happened?; (2) What caused Bitcoin’s price to drop initially?; (3) What caused Bitcoin’s price to drop so rapidly?; …

Aelfscyne

Cryptocurrency Enthusiast

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