At the time of this writing, Bitcoin is trading at $29,694.34. That's down from around $31,000 yesterday, and less than half of where Bitcoin peaked at in April of this year, when it topped $60,000. Will it go back up? Probably, but for Bitcoin investors, there are definitely reasons to be cautious, outside of the normal volatility associated with cryptocurrencies.
Wednesday, 21 July 2021
Oh dear, how sad: Bitcoin is going down the toilet. Don't say I didn't warn ya!
What goes up must come down, but when it comes to cryptocurrency, and Bitcoin in particular, wild up and down swings feel like normal occurrences (it was just a short while ago when Bitcoin and Ethereum fueled a cryptocurrency explosion to a $2 trillion valuation). And that is what Bitcoin investors are hoping is occurring right now—just a normal downward swing, as the digital currency comes crashing below the $30,000 mark for the first time in a month.