Huge Fall in Bitcoin and Ethereum:
There's a great fall we have witnessed today in the Cryptocurrency market, Bitcoin (BTC) & Ethereum (ETH) with cryptocurrencies have seen a retracement. This was really a sudden down move or dip that made people gasp in shock.
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Bitcoin (BTC) being showing a retracement of more than 15%, and wiping down its value around $10,000 in a matter of few hours.
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Bitcoin (BTC) did just made an all time high reaching above $50,000 and it has been rallying for quite a long time.
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An renowned cryptocurrency analyst cum a hedge fund manager had made this speculation alredy a week ago that Bitcoin (BTC) is going quite high, it should test its support levels.
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And there we are Bitcoin (BTC) retested its support levels and is now going for further upmove.
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This retracement in Bitcoin affected Ethereum (ETH) too, whuch went down more than 22%
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Which is really a huge number.
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Other Altcoins aso got severely hit by this move in Bitcoin (BTC).
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But the market is recovering now and actually, there's a hope for Bitcoin (BTC) and Ethereum (ETH) to go much higher after this correction.
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Be invested and accumulate on dips. These could your golden days for the right investment in cryptocurrency and it is in its booming stage right now.
Have a great day ahead.
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