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<div class="text-justify">The plunge in Bitcoin price action has continued over the weekend, and although the current correction was necessary there is still panic among users less experienced in the normal behavior of the financial markets where Bitcoin and cryptocurrencies are part of. </div>
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<div class="text-justify">The truth is that as we have mentioned in previous posts Bitcoin price bull market pullbacks are usually close to 40%, however nothing has changed and Bitcoin is following the classic path to new highs, and this is what market participants have been agreeing on for a long time. </div>
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<div class="text-justify">It is also worth mentioning that, "Bitcoin peaked at $74,000 on Thursday before falling to $65,848 on Friday, due to concerns about U.S. inflation," on the other hand it has been noted that, "Thursday's Bitcoin drop apparently caught traders by surprise, triggering targeted liquidations of nearly $300 million in BTC." </div>
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<div class="text-justify">It has also been pointed out that, "That drop was clearly unexpected by many traders who, amid BTC's spectacular record rally in recent weeks, bet hundreds of millions of dollars that the currency would continue to rise in price." </div>
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<div class="text-justify">As for what alternative cryptocurrencies have done it should be socialized that, "While Bitcoin-related settlements accounted for more than a third of all transactions in the cryptocurrency market, many other currencies have felt the pressure over the past day, following similar trends"</div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin Crash Triggers $800 Million Cryptocurrency Settlements. <a href="https://decrypt.co/es/222005/caida-de-bitcoin-desencadena-liquidaciones-de-800-millones-en-criptomonedas" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://decrypt.co/es/222005/caida-de-bitcoin-desencadena-liquidaciones-de-800-millones-en-criptomonedas" rel="noopener" title="This link will take you away from steemit.com"> Decrypt </a></div>
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<center><img src="https://i.postimg.cc/0Q6V76gq/Banner-Fuente-consultada-II.png"/></center>
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