Bitcoin Sparks a Flash Sell-off ($BTC)

September 8, 2021

Bitcoin Sparks a Flash Sell-off ($BTC)

After an incredibly bullish Labor Day weekend, the infamous crypto-market volatility reared its ugly head -- The price of Bitcoin ($BTC) fell from $51,000 to below $43,000 in a matter of hours on Tuesday morning, triggering a correction of more than -10% across the market at large.

Overzealous leverage usage likely contributed to this flash crash. However, for more measured investors, the recent correction represents an ideal buying opportunity.

The stubborn fact remains: Bitcoin, and investment demand for Bitcoin, isn’t going anywhere, as evidenced by the trajectory of underlying Purchase Intent Mentions.

We made a similar bullish argument when BTC was trading below $30K earlier this year, and our outlook remains unchanged.

Speculation-driven fluctuations aside, there’s an increasing number of institutions, businesses, and now countries throwing in their lot with Bitcoin. And, with many more promising blockchain integrations on the horizon, we're optimistic about the future of this emerging market.

Want deeper insights? Get Free Access to The Vault.

Related Posts

Is Crypto Entering The Slope Of Enlightenment?

“You know it's time to sell when shoeshine boys give […]

Read More
Consumers react to PayPal's Crypto announcement

PayPal (PYPL) Last week we touched on a huge crypto […]

Read More
PayPal, Square cashing in on crypto interest

PayPal (PYPL), Square (SQ) Consumer mentions of investing in cryptocurrency […]

Read More
1 2 3 17

Related Posts

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.
LikeFolio