Rafael Puerari
@rafapuerari
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185 Followers
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Bitcoin suffers sixth major correction since FTX collapse, falling nearly 20%
Bitcoin recently underwent a correction of nearly 20%, the sixth significant correction since the FTX collapse in November 2022, highlighting the natural volatility in bull markets. These corrections, essential to eliminating leverage and maintaining market health, have occurred periodically, with notable declines during key events such as the Silicon Valley Bank collapse in March 2023, the ETF launch in January 2024, and other periods around the clock. throughout 2023 and 2024. The last correction began on June 7, 2024, with the price of Bitcoin falling from around $72,000 to less than $59,000. Despite the concerns of some investors, these fluctuations are typical of Bitcoin market cycles. 0 reply
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