Dramatic week in the cryptocurrency market

This week has been crazy in the Bitcoin world. The week started at very strong levels, so much so that on Monday the price of Bitcoin reached $70,000. The main reason for this rise was the participation of former US President, Donald Trump, in the Bitcoin 2024 conference held in Nashville. The presence of a figure like Trump at the conference created a state of optimism and increased investor enthusiasm.

But the joy did not last long. After this significant rise, Bitcoin was subjected to very strong pressure during the following two days. The price quickly dropped to about four thousand dollars. People who were happy on Monday remained anxious on Tuesday and Wednesday.

The situation remained a little calm during Tuesday and Wednesday, but this calm did not last long. Speculators who like to play on the downside dominated the market during Thursday and Friday. This move eventually led to Bitcoin falling to $60,500 late Friday evening.

This drop came as a shock to people who were optimistic about the big rise on Monday. But this shows us how volatile and unpredictable the cryptocurrency market can be. Investors in this field must always be prepared for any sudden change.

In the end, this week was a powerful lesson for everyone interested in Bitcoin and cryptocurrencies. Today you may be at the top, and tomorrow you may find yourself at the bottom of the market. Therefore, you must have a clear plan and not let emotions control you in investment decisions.

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