Why did Bitcoin dip 30% in 2 days after hitting record high?
Since hitting a record high of over $2,700 (â¹1.74 lakh) on Thursday, Bitcoin went into a sharp correction, losing 30% in just two days. Technical analysts have said losses could go as deep as 46.5%. This is because cryptocurrency prices are volatile as few speculators are believed to understand the technology or its potential, leaving it vulnerable to emotion-driven swings.