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.