It’s safe to say that this is no longer a bull phase. After all, BTC dumped by more than 50% since its October all-time high and plummeted to around $60,000 late on Thursday.

But in this article, we will focus more on the events that took place yesterday than on the overall decline over the past several months. In the span of just 24 hours, the cryptocurrency plummeted from $77,000 to $60,000 in one of its worst single-day trading performances since its inception.

It’s safe to say that this is no longer a bull phase. After all, BTC dumped by more than 50% since its October all-time high and plummeted to around $60,000 late on Thursday.

But in this article, we will focus more on the events that took place yesterday than on the overall decline over the past several months. In the span of just 24 hours, the cryptocurrency plummeted from $77,000 to $60,000 in one of its worst single-day trading performances since its inception.