Business
Bitcoin’s price is down 8% from February’s highs. Is it time to buy the dip?
The Bitcoin (CRYPTO: BTC) price is down 2.3% over the past 24 hours. One Bitcoin is currently worth US$56,612 (AU$74,489).
Bitcoin is still up 95% so far in 2021 but has now retraced 8% from the US$61,556 it reached on 14 February, according to data from CoinDesk.
Which has crypto enthusiasts and newbies alike wondering, is it time to buy the dip?
Timing your entry
For an answer to that question, we turn to Simon Peters who is a market analyst at eToro. The online trading and brokerage company bought Bitcoin for its own balance sheet. This happened more than 10 years ago when it was worth $5.
Now only the most bearish crypto…
-
Noosa News23 hours agoExperts share tiny home warning as interest from young people soars
-
Noosa News22 hours agoExpert’s warning as tourists stunned by hundreds of sharks spotted close to shore at Moreton Island, Queensland
-
General8 hours agoSussan Ley’s net zero problem won’t only impact the Coalition
-
General19 hours agoConvicted mushroom murderer Erin Patterson outlines her reasons to appeal