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RE: Bitcoin making major corrections
Bitcoin had lost nearly 25% of its value over the last 24 hours. And the price of most major "altcoins" fell even further, with losses ranging from 19 to 35%.
We remember that Bitcoin could not hold long the threshold of $ 20,000 - a threshold it could have exceeded last Sunday, the space of a few hours.
Futures contracts offered by the Chicago Mercantile Exchange, which allow institutional investors to speculate on Bitcoin, also recorded a sharp decline. They traded between $ 13,520 and $ 13,570, while their courses had exceeded $ 20,000 when they arrived on the night of Sunday to Monday.
Its only a correction, this has happened time and time again with bitcoin, by the end of january well be seeing $25k bitcoin.