Bitcoin Drops Below $41,000 as Regulatory Risk Resurfaces
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. Did bitcoin crash today A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their hypothetical value. The history of cryptocurrency has been marked by several speculative bubbles.
Bitcoin other plummet this weekend
The rising interest in cryptocurrencies drove the crypto-market capitalisation to a whopping $180 billion, by the end of July. In December 2019, Bitcoin pushed all its barriers and wider adoption of cryptos lead the market tad under the $200 billion threshold. It is worth noting that the pre-covid era witnessed volatility with usual movements and a few spikes in the crypto prices. A correction of the 15 to 50 per cent range could be seen in the crypto assets. Could the bitcoin halving cause prices to drop? As reported by multiple outlets this past week, the popular cryptocurrency has lost 74% of its value from its record high in November. Coinbase says that Bitcoin fell as low as $17,601.58 and stayed below $20,000 on Saturday afternoon.
Crypto crash: Bitcoin extends losses, drops 11% to $30,339
"We strongly believe in the future of the industry but the prolonged volatility in the crypto markets, and the default of Three Arrows Capital, require us to take this decisive action," Voyager CEO Stephen Ehrlich said at the time. Urgent warning for 12,000 parents who risk missing out on £10,000s payments Crypto evangelists have long hoped that the independent nature of crypto would make it resistant to inflation and crises. Bitcoin, the number one cryptocurrency, has no central issuer or authority controlling it. That independence from government, many argued, should ensure that Bitcoin would hold its value through economic dips, international wars or drastic policy changes.
Crypto is down
Meanwhile, GBTC is flashed a bullish signal earlier this week as its outflows begin to slow. Library resources Bitcoin NFT Project Taproot Wizards Sells Out First Collection, Raking in $13M
