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Bitcoin, one of the most popular digital currencies, has been in the mainstream media for the past couple of weeks. For the first time ever, it broke $100,000 and even went a little over $108,000.
Bitcoin plunged on Tuesday, trading below $90,000 for the first time in months. The flagship token has suffered amid rising risk-off sentiment that's hit other assets like stocks.
In 2013, 2017, and 2021, investors got increasingly optimistic about Bitcoin right before a price crash. Is the cryptocurrency setting up for another crash in 2025?
By 19 May, Bitcoin had dropped in value by 30% to $31,000, Ethereum by 40%, and Dogecoin by 45%. Nearly all cryptocurrencies were down by double-digit percentages. [40] Major cryptocurrency exchange Binance went down amid a market-wide price crash and traders are now seeking justice for their losses. [41]
According to Coinbase, in November 2022, Bitcoin sat at over 75% below its all-time high of $68,789.63, according to Coinbase. In April 2023, it remains more than 55% below the all-time high.
In other words, Bitcoin is now held widely enough that people can easily sell it in a hurry when the stock market crashes or buy more of it consistently over time as the economy furnishes them ...
The Bitcoin scalability problem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time. [1] It is related to the fact that records (known as blocks ) in the Bitcoin blockchain are limited in size and frequency.
As stocks tumble toward a bear market, cryptocurrencies and even entire exchanges are crashing right alongside them. The stock market, however, has history on its side. Bull markets fall into bear...