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See what allowed for a turn down in the immediate future
In case you blinked over the last few days, bitcoin bulls had their hat abruptly handed to them when the cryptocurrency plummeted a jarring 26% in 48 hours.
The grisly details (or, here s how this bearish opportunity unfolded, for the few traders who were ready):
The selloff was the market s worst two-day decline since the start of the coronavirus in March 2020.
The crash took prices $10,000 down from their all-time high near $42,000 set on Friday, January 8.
And, all told, the move erased nearly $185 billion from bitcoin s value (Jan. 11 Bloomberg); for reference, that s the entire net worth of the richest man on Earth, Elon Musk.