Bitcoin Dropped Sharply

Source

Bitcoin has been falling sharply for the past 2 days, falling from around $101K to $91,380 in 2 days. US inflation data and expectations caused almost all risky assets to fall, in fact Bitcoin was among those least affected, but still a drop of nearly 10% in 2 days is really too much. However, I believe that this will not last long and I think Bitcoin will recover quickly in the coming days. The current declines may be opportunities, but it is still useful to be careful.

Bitcoin is currently trading at $92,117 and if it stays above $92K, it could bounce back above $100K in the coming days. We'll wait and see.

This is not investment advice, please do your own research before investing. In my posts, I only talk about my personal predictions and predictions may not come true.