🐸 Citizen of the Internet 🐸
Escaped True Master
Is it going back up? Well, I would think so. People are pulling money out of Bitcoin to cover losses in other places, which is causing the price to drop. This was always going to happen if they raised interest rates, because Bitcoin had started tracking with the stock market.
Bill Miller revealed Thursday that he sold some of his bitcoin holdings as the recent losses in the cryptocurrency triggered margin calls.