Happy Monday, Blockfolians
Just in case you had gotten a little too comfortable with the idea that bitcoin only ever goes up, this morning’s price action was a fun little jolt.
After another crazy weekend that saw the price of BTC get as high as $58,300, it crashed this morning all the way to under $50,000 on some exchanges before settling down between $53,000 and $54,000.
Astute observers will note that at these corrected prices, BTC remains a $1T asset - a goal that was barely imaginable a few months ago. Still, with more coins moving onto exchanges again, it may be that we’re in for some more turbulence ahead.
Buckle up friends, and enjoy the ride!
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