Bitcoin and the rest of the market tanked yesterday. Red was all over the place with double-digit drops across all charts. In BTC’s case, this nosedive came as a continuation of larger retracement that started after the all-time high in April at $65,000. However, how does this correction compare to others?
Mid-2021 Correction: What Happened?
Before heading into the most recent price developments, it’s worth exploring what transpired before the market got there. In short, bitcoin entered its latest bull cycle in late 2020, started to appreciate in value rapidly, broke its $20,000 ATH, and went into uncharted territory by January 2021.
Approximately at that point, it was revealed that Tesla had bought $1.5 billion worth of BTC – a purchase that followed the entrance of other giants like MicroStrategy, MassMutual, One Asset River Management, and more.
However, Tesla’s buy was regarded as the most significant milestone due to the popularity of the brand and the CEO – Elon Musk. S
Źródło: https://cryptopotato.com/how-does-the-may-19th-bitcoin-correction-compare-to-history/
