Bitcoin price plummeting, pushing crypto market down
Bitcoin has experienced a significant decline of 5.81% over the past 24 hours, with a slight recovery of 1.55% today. Currently, Bitcoin is being traded at $55,860 on the Bitstamp exchange. Last week, Bitcoin lost over 15% of its value, dropping from $63,600 to $53,900, followed by a recovery of 8.3% to $58,370, before the recent drop.
Markus’s perspective on cryptocurrency investing and trading
Known for his critical tweets on cryptocurrency trading, Billy Markus has spoken out about the unpredictability of crypto price movements, comparing it to gambling and even a mental illness. He has also shared his views on the financial freedom offered by Bitcoin, contrasting it with the reality of price fluctuations.
Dogecoin following Bitcoin’s trajectory
Dogecoin has mirrored Bitcoin’s price movements, losing nearly 28% from $0.12693 to $0.09185, then experiencing a 20% recovery followed by an additional 11.4% loss in the last 24 hours. Today, DOGE has seen a slight increase of 3.64% and is currently trading at $0.10428.
Source : u.today