Bitcoin rate fell below $ 30,000 - the market lost 500 million, and the whales continued to play on the rise

Have you read our article on Roller Coaster? Read it. The information there is written in an accessible language, which allows us to draw conclusions about what is happening in the cryptocurrency market. It is quite possible that today Bitcoin approached the bottom and went up again. Let’s talk about this in more detail.

Bitcoin dropped below $ 30,000 per unit today. If we speak in the language of statistics, then in just 20 days the rate of the first cryptocurrency fell by 12 thousand dollars. Well, just a few hours after the sharp fall, Bitcoin moved to growth and by the time of writing the material had won back almost all the losses, and its price reached $ 31,500. Despite this, the damage to traders is estimated at $ 500 million, which was literally eaten up by the market.

Analysts again expressed opposing views. Someone said that the fall will continue, others – that the cryptocurrency will start growing again. Apparently, the latter were right. By the way, along with Bitcoin, all other digital money sank. Even Ether, which is credited with being independent, has fallen in price by 5%.

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If tomorrow the cryptocurrency rises to 33,000 and above, then those who assured us about the “roller coaster” were right. Don’t ask when this is over. Most likely, even those who play with cryptocurrency do not know about it. As long as funds and ordinary users are willing to invest in cryptocurrency, whales will rock the market.