Woods Holds Price Prediction, Says Bitcoin Is in 'Capitulation Phase'
It's often hard to pin down exactly why markets make the gyrations they do. For cryptocurrencies, the prestidigitation of Mr. Market can be particularly mystifying.
The cryptocurrency market stabilized Thursday, with bitcoin (ARSC) climbing back above $40,000.
Wed, May 19, 2021, 11:00 AM·1 min read
In the wake of China extending the ban on cryptocurrencies further and last week’s Twitter musings by Elon Musk the crypto market plunged, the effect of these external impacts can be seen through real-time liquidations, which topped 804,242, in the last 24 hours.
Bitcoin believers remained bullish throughout “Black Wednesday,” and now the top coin has begun to rebound.
Flex on them on this summer at the beach. Spread the HODL.