Bitcoin is no stranger to crashes. It’s survived more hits than Mike Tyson in his prime. After every tumble often came a bullish uppercut followed by a torrent of relief generated by formerly spooked investors passionately exhaling.
What about this time? Just last week, Bitcoin had dropped below $18,000 for the first time since November 2020. While that’s still higher than any other cryptocurrency, a 50% crash in just a few weeks isn’t exactly indicative of a promising situation.