Is the pain over? Bitcoin is taking a break

Last night, bitcoin fell off a cliff and went from $46,000 to $42,500 in a matter of hours. We spent 20-odd hours in the red zone until things cooled off and now the world’s most popular cryptocurrency seems to have bottomed out at around $43,000, which is where it’s resting now. Ethereum, that’s often the case, fell down a bit more gently and is now recovering a bit more quickly.


Yearn Finance is doing pretty well, currently sitting at $35,882, meanwhile XRP and Aave are still suffering. BAT is down, Cardano is down. Everything is down. You know when you open your CoinmarketCap  or Coinbase account and it shows the ‘gainers’ and ‘losers’ of the last 24 hours? Well, everyone’s a loser today.


Late investors probably stopped panic-selling and early investors are slowly and painfully digesting the latest round of Fed’s ‘good news’. Meanwhile, the situation in Kazakhstan, which is crucial, is still not exactly rosy.


I wanted to buy the dip’s dip’s dip’s dip’s when it got $42,500 but I was out of money. Dammit.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

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