7 Altcoins that Should Live Long After The Crypto Bubble Bursts
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Bitcoin Whipsaws Investors With Same-Day Plunge, Rally
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Bitcoin marches away from crypto pack in show of resiliency
Vildana Hajric and Claire Ballentine, Bloomberg News
Bitcoin has proven itself to be the hardest store of value in human history: Hut 8 Mining CEO VIDEO SIGN OUT
Bitcoinâs rebound is making another rebuttal to those who expect the largest cryptocurrency will be overtaken by the meme-worthy heirs cropping up in droves.
While the original token was able to pare back its losses to just 11 per cent from 31 per cent Wednesday, its peer coins werenât as lucky. Ether, Dogecoin and Binance Coin all remained down by at least 20 per cent in afternoon trading. Thatâs half of their earlier losses, but still double the damage compared to Bitcoin. For Bitcoin fans, the moves are yet another sign of its resiliency in the notoriously volatile market.
During the 2017 bull run, Bitcoin had multiple 40%+ corrections. For seasoned crypto traders, days like this one are to be expected. Par for the course, even.
For newer crypto investors, however, today may have caused some panic. While the paper hands have been panic selling, the experts have been buying the dip. Here’s how you can trade like the pros while there’s blood in the streets.
The Bitcoin fear index is the highest it’s been in 2021, yet Mike Novogratz, Justin Sun, and Michael Saylor have been busy adding some serious weight to their crypto bags.
If you have been considering venturing into crypto this year, you may have just gotten your second chance.