As Bitcoin’s price tumbles by over 22% from its peak, marking its descent into a bear market, investors face a stark reality check after a prolonged period of soaring values. With prices dipping below $60,000 for the first time since February and recording the most significant drop since November 2022, anticipation mounts for potential record outflows amid the cryptocurrency’s downturn.
The last opportunity to dump #Bitcoin near record highs is over.
That might be the last time you ever see prices in this bubble so high.
Back to 25 ounces per $BTC and plunging… pic.twitter.com/Tuk17TrRLZ
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) May 1, 2024
#Bitcoin has officially entered a bear market dropping by more than 22% since its all time high.
It is down by more than 7% today and declined below $60,000 for the first time since February.
In April it fell by 16%, the most since November 2022 when FTX crypto exchange crashed pic.twitter.com/5RQegONJLm
— Global Markets Investor (@GlobalMktObserv) May 1, 2024
Blackrocks bitcoin ETF
Had record inflows .
NOW
We await record outflows.
Wont be long pic.twitter.com/7aBUVQi1X1
— The Great Martis (@great_martis) May 1, 2024
Lots of sheep stuck in the exosphere.
Saylor aka sailed or sailing?
U decide . pic.twitter.com/CNBy3JrP8r
— The Great Martis (@great_martis) May 1, 2024
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