After reaching levels above $ 20,000 a piece last week, Bitcoin experienced a massive wave of fears. ]
The price peaked at $ 20,078 on December 17, but declined by about 40% in just three days to $ 11,833 on December 22.
However, despite fears, the market rebounded again and is now stabilizing above $ 14,000. At the time of going to press, Bitcoin was trading at an average of $ 15,147, according to Coinmarketcap.
<img alt=" Bitcoin Charts "src =" https://cointelegraph.com/storage/uploads/view/9cc9e2d6de13fc0dec29ada4fb916894.png "title =" Bitcoin Graphics "/>
Recovery To At present seems to have justified the approach of HODLers ("Stand for Dear Life") who refuse to sell in times of market fear.
Hello everyone except to the traitors who sold their bitcoins yesterday
– Mark Constantine (@vexmark) December 23, 2017
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Nonetheless, the drop-off Mike Novogratz, hedge fund manager, has delayed the issuance of its hedge fund by citing significant market fluctuations and potential conflicts of interest
Kain Warwick, founder and CEO of Havven, a cryptocurrency backed by assets, said the rebound should have been waiting, saying Cointe legraph:
"Bitcoin bounced back because there is significant support at psychological levels like 10k, so once the price stopped falling, people came to buy the dip. "