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Bitcoin Heads Back Toward $50K, Rebounding From Disastrous Week

Bitcoin Heads Back Toward $50K, Rebounding From Disastrous Week



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  1. Disastrous is a strong word. Even the stock market dropped by a huge amount that week. It was only disastrous that I couldn’t clear more of my funds. Usually, I try to keep like 5-10% of my crypto folio in cash.

    Once it dips my last purchase price, I buy some and deposit some more money. That way dips feel really good, because you made a bargain

  2. tldr; Bitcoin jumped more than 8% to $49,000 on Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020. The cryptocurrency’s price fell 21% in the seven days through Sunday, the biggest weekly drop since March 2020, as the U.S. 10-year yield jumped to 12-month highs. The top cryptocurrency still managed to gain 36% in February.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Not really disastrous at all- in 2011 it went from $29.00 to $2.00, fast forward it went from $20,000 to $3000, the worst during Mt.Gox flash crash it went from $17.50 to $0.01. If these were ugly then I think the past week has been downright adorable.

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