Bitcoin's [BTC] roller coaster ride had these turns to reach below $20k
for a change. Thus, marking a much-needed relief for the crypto market. However, the happiness didn’t last too long.
In fact, after just two hours, as clocked by the analytical firm, Santiment, the king coin took another nosedive given the closeHerein BTC’s rise got ‘stifled’ by the S&P 500’s mid-day plummet as per Santiment. Here’s a graphical representation of this occurrence.Following the dive, BTC, at press time, slid down to the $18.7k mark after witnessing a fresh 8% correction in 24 hours. Ergo, erasing all the hard work it did recently.
You ask if BTC holders followed this pattern to dump their coins. Well, the reality was quite the opposite. According to the latest data from IntotheBlock, the number of BTC holders grew in the bear market.
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