đ So, Bitcoin recently dipped to around $52,000, while Ethereum fell to $2,100. The Fear & Greed Index has dropped to 26, signaling heightened fear among investors.
Historically, drastic declines in Bitcoinâs price have been followed by remarkable recoveries. I still vividly remember the shock when in 2018, Bitcoin fell to around $3,000.
Data from CoinGecko shows that despite short-term dips, Bitcoin has consistently trended upwards over the long term.
Once again: market fluctuations are a natural part of investing, and downturns can present opportunities to acquire assets at discounted prices.
đĄ Remember, while the current dip might seem daunting, itâs just another phase in the ever-evolving market cycle. Stay informed and consider the long-term perspective.