They say what goes up always comes down, no one wanted but everyone knew Bitcoin price correction was coming. Bitcoin and all TOP 20 cryptocurrencies are going through major correction after dropping by double digits in last 24 hrs. No one expected that almost all cryptocurrencies will see double digit correction just before the Christmas.
Bitcoin Price Correction
Bitcoin price has corrected by 22.55% in last 6 days after peaking at $20,000 on 17th December. Total cryptocurrency market cap also fell sharply to $422 billion after peaking at $652 billion on 21st December. No one knows the exact reason for sharp drop in prices but price correction was long due as Bitcoin had major bull run for last 1 month. Bitcoin is currently hovering around $14,000 and might drop further.
Below chart shows about rise and fall of Bitcoin.
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