Friday turned out to be Black Friday for Bitcoin!
Anyone who had bought Black Friday last Friday would have already had a nice profit with Bitcoin.
That was a shock for anyone with Bitcoin, last Friday. Actually, it didn’t matter whether you were Bitcoin, stocks or in the commodities. Due to a reaction to the new variant of the corona virus from South Africa, all markets looked bad. An opportunity for anyone who understands that falling prices are the right way to jump on top of it.
Black Friday for Bitcoin
Bitcoin was no exception. The course was going hard. And we mean down. On Friday, the price plunged from a stable $59,000 all the way to a low of just over $53,000. The race looked dejected all weekend, until today.
The stock markets are recovering a bit and the most famous cryptocurrency in the world is coming along. A significant increase of more than 9 percent is what one could already see today. That means that anyone who bought Bitcoin with Black Friday instead of a product now stands on a nice profit. It remains to be seen whether this rate can be maintained in the coming period. Panic is a bad counselor. And it is clear to see what bad world news is doing to stocks, crypto and the economy.
