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RE: Bitcoin plunges below $2000, what's going on?

in #cryptocurrency7 years ago

I think bitcoin lagged the drop in the Alts as the majority of Alts that were dumped during the sell off were sold for bitcoin. People prob sold off Alts, paused in bitcoin positions to see what the market would do before selling out of bitcoin.

We were overdue a correction, it's not the first and certainly won't be the last. Interesting to where things go from here and how long it takes to recover!