<p>On May 19, 2021, Bitcoin dropped 50% to a low around the $30,000 range. In a single day, over 3 billion dollars was erased from the bitcoin network/market but recovered rather quickly. It was truly an eventful week from Elon Musk stopping Tesla Bitcoin payments to many. My opinions on what happened and where do we go from here.</p>

Raging 20s

Abiola bakare

Bitcoin Flash Crash & Total Cryptocurrency Market Update

MAY 20, 202115 MIN
Raging 20s

Bitcoin Flash Crash & Total Cryptocurrency Market Update

MAY 20, 202115 MIN

Description

<p>On May 19, 2021, Bitcoin dropped 50% to a low around the $30,000 range. In a single day, over 3 billion dollars was erased from the bitcoin network/market but recovered rather quickly. It was truly an eventful week from Elon Musk stopping Tesla Bitcoin payments to many. My opinions on what happened and where do we go from here.</p>