This is reminiscent of a report by cryptocurrency media outlet CoinDesk on the 26th (local time). Bitcoin, which began the year at $7,000, was on the verge of surpassing $20,000 in the fall of 2020.
However, a wave of selling occurred ahead of Thanksgiving, with Bitcoin plummeting by about 17% from $19,500 to $1,620 the day before Thanksgiving.
In the cryptocurrency industry, this is being called the "Thanksgiving Massacre."
Just four years later, Bitcoin has failed to cross another milestone and is showing a steep downward trend.
Bitcoin, which was on the brink of surpassing $100,000, collapsed to $91,000. The drop was less than 10%, but it is still the largest price drop in 2020.
It's enough to remind us of the Thanksgiving massacre in 2019. But don't worry: Bitcoin has surged 17% ahead of Thanksgiving, before topping $20,000 in 2020, four days after it crashed, and is trading at $12,000.
By mid-May, the price had topped $24,000, setting a new all-time high. Bitcoin topped $30,000 by the end of the year, and rose to $65,000 by April of the following year.
Bitcoin investors are hoping for a repeat of this scenario, CoinDesk reported.
Meanwhile, at this time, Bitcoin was up 2.53% from 24 hours ago on CoinMarketCap, a global coin price relay site.
However, around 6 a.m. on the same day, Bitcoin fell to $90,770, collapsing the $91,000 level.
2024/11/27 10:47 KST
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