As of December 2020, the price of BTC dropped to about $25,000. Recently, the same occurrence took place in the crypto market. As a result, most altcoins are experiencing a price plunge, resulting in over $600 million in liquidation. Rundown Of BTC Price In June BTC looked promising at the dawning of June, hitting a selling price of over $32,000, being its all-week high. Hours later, there was a sudden slump in prices, bringing its selling price to around $30,000. Despite several attempts to push beyond this price, Bitcoin could only remain slightly below it. This went on for days until the end of the first week of June. However, before the end of the period, the price finally rose to the coveted $30,000. The occurrence created a green bar that broke past the longest bar of the nine successive weekly bearish candles. Suggested Reading | Dogecoin Shed 91% Of Its Value Since 2021 High – A Musk Tweet To Pump DOGE? This led to a drastic increase in its price, having an additional $1,000 to its initial price. At the time, the asset sold for more than $31,000. Moreover, its market capitalization was approximately $600B, dominating the other coins by over 46%. Bitcoin Drops Below $25K, Liquidating $600M In the last seven days, there have been many changes to pick out in the crypto market. It was reported that as of last week, the price of Bitcoin surged to over $32,000. Somehow, BTC failed to retain this price. As such, its sell...
