Bitcoin Is Crashing, But Is This Drop Irrational?by@natenead
362 reads

Bitcoin Is Crashing, But Is This Drop Irrational?

tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

Bitcoin fell from nearly $8,000 to just over $4,800 in early to mid-March 2020, eventually stabilizing around $5,400. This comes after reaching $10,000 in late February. Bitcoin’s long-term prospects still look good, and a nearly 40 percent drop in price makes this a cheaper acquisition than it was a month ago. Some traders have become overleveraged due to unexpected market volatility; they’ve found the need to sell other assets to cover their margins.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Bitcoin Is Crashing, But Is This Drop Irrational?
Nate Nead HackerNoon profile picture

@natenead

Nate Nead

react to story with heart
Nate Nead HackerNoon profile picture
by Nate Nead @natenead.Nate Nead is the President & CEO of DEV.co, a custom software development company based in Seattle.
DEV.co

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa