Bitcoin tops at $19,900 and losses almost $2,000 in just a few minutes: Is it preparing something strong?
Bitcoin lost almost $2,000 of its value leading the price from $19,900 down to $18,100. Altcoins are bleeding, following their leader downwards for one more time.
Last few days, the Cryptocurrency industry is surprising us well with the prices going Up and Down creating a mysterious puzzle for all the crypto fans as they don’t know what to expect.
Yesterday, was an extremely interesting day with the King of Coins breaching the psychological level of $19,800. Everybody was convinced that Bitcoin is going to surge above $20,000, but the primary cryptocurrency dropped $1,800 in just a few minutes leaving the Blockchain industry speechless. However, BTC recovered 50% of its loss and currently sits at $19,000 (at the time of writing these lines).
Bitcoin is recovering “Black Friday” losses
Many analysts are claiming that people should see the positive side of things, as it was a good chance for all the traders-investors to buy and accumulate more Cryptos while the assets were going wild (down). Nevertheless, most of the coins have already recovered the biggest part of the losses. As for Bitcoin, not only regained its drops but it also surpassed its old All-time High and marked a new one, something that experts were warning the industry for a long time. At the moment, the largest crypto of all, is struggling to keep the price above $19,000.
Ethereum 2.0 aka “Serenity” upgrades
Ethereum plunged over $485 and currently recovers from its last week losses. However, things were a bit different for the second largest Crypto, as the official release of the “2.0” version boosted the asset and made a remarkable move at $640 leading ETH to a new yearly high.
Conclusion
Bitcoin’s performance has already proven that such drops are warnings for its next big “move” and the rest Alternative coins tend to follow BTC’s extreme volatility!
The question is: Who is ready for more?!
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