After losing 40% of its value, Bitcoin bounces above $ 14,000
After reaching a $ 20,000 piece last week, Bitcoin experienced a large scale liquidation because the fear of a bubble was overwhelming.
The price was $ 20,078 on December 17, but on December 22 there was a decrease of approximately $ 11,833 in about three days.
However, despite the fear, the market has increased again and is stable
$14,000. At press time, Bitcoin was trading at an average of $15,147, according to Coinmarketcap.
Nevertheless, hedge fund manager Mike Novgorod has delayed the release of his hedge fund, which has referred to market fluctuations and potential conflict of interest.
On the contrary, Kevin Warwick, the founder and CEO of Haven, a cryptokransensee supported by assets, said that the rebound should be expected, the signatory letter is saying:
"Bitcoin bounced because there is significant support at psychological levels like 10k, so once prices have come down, people have come to buy a fall."