Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month.
Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops.
Of course, crypto bulls and bears disagree about what comes next.
Crypto trader DonAlt set the tone on Twitter, making it clear the direction in which he believes the bitcoin price is headed: up to $10,000. Blockchain pioneer Vinny Lingham, who only recently conceded that bitcoin had bottomed, seemingly has not wavered from his new bullish take.