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    News: 2024.03.16

    Bitcoin plunges 11% after peaking – Economy – Daily Ming Pao

    The price of Bitcoin (Bitcoin) has been rising since the end of last year, but it rebounded sharply after hitting a record high of $73,797 on Thursday. According to Coindesk data, Bitcoin fell by more than 8% in 24 hours, which attracted market attention and discussion.

    market fluctuations

    Bitcoin’s price fluctuations have always been a focus of investor attention. The price of Bitcoin has been rising since the end of last year, but this rapid rise has also been accompanied by violent fluctuations. Thursday’s sharp reversal shocked investors and served as a reminder of the instability of the Bitcoin market.

    investor reaction

    Faced with the sharp decline in Bitcoin prices, many investors are anxious and confused. Some choose to sell Bitcoin as a safe haven, while others believe this is a good time to buy. Regardless, market uncertainty makes it difficult for investors to make informed decisions.

    future outlook

    Market experts have given different views on the future trend of Bitcoin. Some believe that Bitcoin prices have room to rise, while others predict that Bitcoin will continue to fall. Regardless, volatility in the Bitcoin market will continue and investors should be cautious