Why this Bitcoin decline is very healthy

Every now and then you have to bite through the sour apple. And that is no different with Bitcoin right now, with a significant drop today.

Can you really call it a dip? Whoever zooms the map a little further will shrug his or her shoulders. Bitcoin is currently more than five percent in the red. There is no real panic, but a fall in the price always causes doubt in the weak hands. A nickname for those who panic easily and dump crypto, such as Bitcoin, as soon as red numbers appear.

Bitcoin decline does not immediately mean panic

Anyone with a bit of knowledge about financial instruments knows that the grass cannot always be green. A correction from time to time is more than healthy. Think of it as taking a breather. If the Bitcoin were to run a marathon, the coin would have to stop once to drink a bottle. The question with crypto is always what such a correction means. To stay with this metaphor for a moment. Will Bitcoin resume the marathon after that or go home chilling on the couch?

Last week, Bitcoin hit a new all-time high with a price of more than $68,000. At the time of writing, the most famous cryptocurrency in the world is valued at $60,000 according to Coindesk. The low was reached earlier today around USD 58,000. For comparison, at the beginning of this month the price was also approximately at this price. In short, nothing to worry about. At least at the moment. But it’s still fun to follow!