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Is the bull run over? BTC loses $50,000 as transaction fees surge: Hodler’s Digest, April 18–24

Published 04/24/2021, 02:07 PM
Updated 04/26/2021, 03:20 PM
Is the bull run over? BTC loses $50,000 as transaction fees surge: Hodler’s Digest, April 18–24

Bitcoin tumbles 10% in 12 hours and falls below $50,000 for first time since March

Things were looking markedly bearish for Bitcoin following last weekends swift and sudden correction, which caused Bitcoin to crash by 20% in a single hour.

Within minutes last Sunday, $60,000 became a distant memory with bulls forced to defend $55,000 instead. BTCs prized $1-trillion market cap was also lost, and at one point, dominance sunk below 50% a milestone that hasnt been seen since 2018.

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