Pop out the champagne, as a result of we’re celebrating Bitcoin hitting a model new all-time excessive of $65,000! We’ve come a good distance these previous two years, so let’s rapidly recap how we obtained right here and what we’re wanting ahead to for the remainder of the bull run.
On March twelfth, 2020, Bitcoin tanked roughly 50% from about $6,000 to about $3,000. All markets crashed that day however as a result of bitcoin is so liquid and simple to promote, it went down the toughest. While there was blood within the streets and lots of had been panic promoting, the convicted hodlers had been shopping for like loopy. Us Bitcoiners are Bitcoin’s plunge safety staff; we set the ground and drove the worth again up. Days after we leveled out and began going again up, many began turning into bullish as soon as once more.