This Bitcoin Crash Is Barely a Correction
Crypto investors were in for a rude awakening on Wednesday. Most digital currencies were trading markedly lower, led by Bitcoin (CRYPTO: BTC) dropping roughly 5% overnight as it fell to just above $58,000.
It's been more than a week since Bitcoin hit a new all-time high, taking out its springtime peak. You'll see social media worrywarts and financial journos calling this a correction or even a more sensationalistic crash, but can we frame this in a longer shot? You have to go back nearly two weeks to find the last time that Bitcoin was trading as low as it was on Wednesday, but no growth investment only goes up in value.
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Source Fool.com
