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Bitcoin Price took a Crazy Dive to $7500 Losing 10% in Hours

The Cryptocurrency market is famous for its extremely volatile nature but what happened just now is not less than a shock for many, The most volatile move of Bitcoin which brings Bitcoin from $8,000 mark to as low as $7,450, Bitcoin lost more than $500 in a matter of minutes hitting five months low. The Price of Bitcoin is currently trading above $7600 Mark.

The recent fall of Bitcoin was completely unexpected, while many traders coming up with different reasons behind this downfall. According to crypto pundits, the recent fall in Bitcoin price is a result of Zuckerberg’s Libra Testimony.

While traders believe this fall has resulted from the action of bitcoin’s rejection at $8,300 mark, the crypto twitter reacted on bitcoin’s recent fall indifferently while somewhere optimistic others seem to lose confidence.

According to twitter user – ” Bitcoin is down. As expected, not a great financial decision for those who invested in the cryptocurrency.”

 While other Twitter user claims that bitcoin is pushing the whole market down with its fall.

Despite Bitcoin’s price volatility, there are people who never stop trusting and supporting Bitcoin, no matter what happens, as they are not in crypto for making money but for the decentralised technology behind this currency.

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About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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