Last week, as Bitcoin, the world’s largest cryptocurrency, dropped down close to $10,000, the markets got tense. After nearly a month over $10,000, with the better part of it pushing and pulling against the $12,000 mark, a massive 13 percent drop over two days was a cause for concern. But now, one week on from the drop, has it actually dented the hopes of hodlers, or has it just been left by the wayside?
According to a recent report by Chainalysis Market Intel, last week’s sharp price fall has not changed the sentiment of hodlers. The report stated that in the past, when prices fell sharply, Bitcoin sent rises to between 5 percent to 25 percent. Here, Bitcoin ‘sent’ refers to the cryptocurrency being sent to exchanges with the objective to liquidate either for fiat currency,