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After the BTC hit the new ATH above $ 24,000 over the weekend, the next day it began to decline and it lost support at $ 23,000. Currently, this cryptocurrency trades around $ 22,651.
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The price of Bitcoin is undergoing a correction
The oldest cryptocurrency has recently recorded high profits, gaining new heights. BTC hit an all-time high of $ 24,209.66, according to CoinMarketCap averaged data.
After record increases, declines also came. Yesterday's session was closed with a loss of 2.86%. The changes were not drastic, however, and Bitcoin quickly recovered.
Currently, this cryptocurrency trades around $ 22,651 per coin. The fear and greed indicator suggests to us that BTC investors continue to be extremely greedy for Bitcoin.
Fear appears to have crept into markets after news of a mutated strain of the coronavirus surfaced in the media.
Appetite for BTC is growing
However, the Bitcoin correction did not scare away experienced investors who know that such declines are natural for cryptocurrencies.
As it turns out, the American company listed on NASDAQ - MicroStrategy decided to continue its accumulation of BTC coins. This time, it allocated $ 650 million for the last Bitcoin purchase at $ 21,926 per coin.
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