news

bitcoin

1 X bitcoin bitcoin =

Saturday

27 February 2021

Biggest Red Candle in Bitcoin History Sheds $100 Billion From Market Cap - Decrypt

Biggest Red Candle in Bitcoin History Sheds $100 Billion From Market Cap - Decrypt


smart summary beta

In a matter of hours, the price of Bitcoin went from just over $57,500 to bottoming at $46,700.

The dip cut Bitcoin’s market cap down by nearly $100 billion, from above a historic $1 trillion to now just above $900 billion.

Bitcoin has been in price discovery mode since it first broke the $20,000 price zone—the previous all-time high registered in 2017.

It is called “price discovery” because traders have no previous experience buying and selling above that specific price.

Goto Full Article

bitcoin bitcoin price

$46580.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

decrypt.co
Market data feeds provided by cryptocompare.com
bitsmart 2021