How does market capitulation affect the price of Bitcoin and other cryptocurrencies?
Aki PatelDec 26, 2021 · 3 years ago1 answers
What is market capitulation and how does it impact the price of Bitcoin and other cryptocurrencies?
1 answers
- Dec 26, 2021 · 3 years agoAt BYDFi, we have observed the impact of market capitulation on the price of Bitcoin and other cryptocurrencies. During periods of market capitulation, we have seen significant price drops and increased volatility. However, it is important to note that market capitulation is a temporary phenomenon and can present buying opportunities for long-term investors. It is crucial to have a well-diversified portfolio and a long-term investment strategy to navigate through market capitulation and take advantage of potential price recoveries.
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