While a drop like this in traditional financial trading would cause heart attacks for many, Bitcoin investors pumped more funds into the large drop, seeing it as sort of a discounted entry, and were able to take the price back up 13 percent in just 16 minutes. The price has since adjusted itself to the $50,000 USD mark.
— Cryptowatch (@cryptowat_ch) February 22, 2021
In other cryptocurrency news, Nyan Cat crypto art sells for 300 ETH equaling more than $560,000 USD.
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