Bitcoin (BTC) in the last 24 hours. From a peak of approximately $62,500 to approximately $61,842.21. Bitcoin’s price is extremely erratic and can change dramatically every day.
Furthermore, it is important to note that the chart does not display the price of Bitcoin over a longer time frame.
For instance, you would notice that the price of Bitcoin has actually climbed dramatically if you were to look at a chart showing the price over the previous year.
So, should this price decline worry investors? It is not feasible to know for certain. Due to its extreme volatility, it is not unusual for the price of Bitcoin to decrease by a few percentage points in a single day. That being said, this does not guarantee that the price will keep dropping.
It’s also critical to keep in mind that, in the last year, the price of Bitcoin has risen dramatically. It is crucial to maintain perspective despite the fact that some investors may be concerned about this price decline.
Source (CNBC)
