Baxia Markets
July 03, 2021

Bitcoin price stabilized after another drop

fundamental analysis top header -01


Bitcoin has been on a crazy ride for the better part of 2021 so far, with its price fluctuating unpredictably one wave after another. On Thursday, Bitcoin went on yet another 5% drop seemingly out of nowhere. Naturally, crypto investors took advantage of the situation and bought Bitcoin at a lower price, hoping to gain profit on the next big surge. 




Bitcoin’s volatility reached a 14 month high in June, with news such as China’s big crackdown and the El Salvador government trying to adopt it as legal tender, swinging its price left and right constantly. As for now, Bitcoin has practically erased all its earnings in 2021, hovering around the same level compared to the January price point. With Elon Musk preoccupied with other meme coins such as Doge, Bitcoin seems to have stabilized at this moment. But the nature of cryptocurrency means it can still go crazy over some rich guy’s tweet at any time.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 

Subscribe by Email