Why Todays Sell Off Hasn't Impacted The Price of Bitcoin
Bitcoin is on the rise. The price of the cryptocurrency surged to nearly $20,000 in December and has been increasing ever since.
But that doesn't mean the entire market is on fire right now. In fact, some analysts believe the sell-off could be good for bitcoin as it could allow the price to stabilize before the end of the year.
For what? Because if the bitcoin price keeps going up there won't be much room for growth. And if it keeps falling, no one will want to invest in it.
This is especially true for investors that have been around for years or even decades - they don't want a volatile market that causes them to lose money every month or so because they fear their investments. will decrease accordingly.
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