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Bitcoin Plummeted by 22%, Someone Still Makes More Than 1000% ROI
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The cryptocurrency market has been fighting a dangerous typhoon recently. Bitcoin (BTC) decreased considerably on Nov. 15 and followed it up with an even sharper fall on Nov. 16 and Nov. 26.
Since reaching the all-time high of USD 69,000 on November 10, BTC has been falling to around 56,500, falling by 22% as of November 30. In other words, if you bought a Bitcoin spot at USD 69,000, your assets have shrunk by 22%.
Bitcoin lost 22% of its value
However, there are still some people in the market who took advantage of this plunge to earn more than 1000% return. How did they make it? If you want to know the answer, then you have to understand
Read more on cryptonews.comAbout this in other media
Bitcoin continues consolidation: Are we still in a bull market? | Tune in now to The Market Report w/ Ran Neuner cointelegraph.com /2 years ago
Ex-hedge fund star Philip Falcone was once worth more than $2bn — now his bills pile up fnlondon.com /2 years ago
Bitcoin could hit $100K, gold $2K in 2022 thanks to 'deflationary forces' — Bloomberg analyst cointelegraph.com /2 years ago
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