Last Friday, the rate of the first cryptocurrency was approaching $42,000. However, later the coin fell sharply to $31,000. On January 12, the bitcoin rate exceeded $35,000, so the largest digital currency was able to partially recover after a sharp decline in prices.
TradeStation Crypto Vice President James PUTRA is confident that a Bitcoin rollback was inevitable and even necessary. BTC's sharp pullback has balanced the market environment. As a result, the risks of chaos that could be caused by market players who believe in the endless growth of cryptocurrency were minimized.
At the time of this writing, BTC was trading at $35,844. Bitcoin capitalization began to grow again and is $666 bln.
Image: Crypto Economy