‘There’s Panic’: Bitcoin Plunge Sees $33 Billion Disappear Into Thin Air
When last we checked in on Bitcoin, it had plunged some $1,400 from the highs hit after SegWit2x called off the hard fork.
Well, things have gotten worse since then - and materially so. Specifically, Bitcoin had fallen $2,300 from its Wednesday peak at one point on Sunday:
That is a horrendous ~30% tumble and because this is Bitcoin, that's only the third-worst drawdown it's had this year:
The most recent bout of volatile madness wiped more than $30 billion from Bitcoin's "market cap":
Just BTFD. You must look at the daily & weekly close to establish trend and filter out noise. Easy peasy.
To follow-up, weekly BTC closed at a new high. But USD had another shitty week.