Bitcoin Fails to Hold Above $50k But Don't Panic

Bitcoin started last week at $49k and rose to above $50,000 by the end of Monday. The next day, the price climbed as high as $51,900 yet failed to hold that level.

By mid-week, the price of BTC had sunk to $46k. After bouncing from there, Bitcoin just barely rose to $50k by the end of the week.

The week closed +1.33% higher although this modest gain was erased this morning. BTC dominance has increased to 41%. This means that other cryptocurrencies did worse on average.

Among large caps, SOL (-12%) did the worst. ETH (-1.58%) did better and BNB (+2.2%) even showed some gains. Plenty of smaller cap assets, however, saw double-digit losses for the week.

The outperformers included NEAR (+43%), GALA (+21%), and ROSE (+21%).

DON’T PANIC

But do not panic. This is the time to buy Bitcoin and keep it for a brighter future. If you want to join the BTC and Cryptocurrency bandwagon of digital nomads, invest when the coin is at its lowest! And hold!

It’s best to buy when others are fearful. It’s easier to do this automatically with Stoic, you can start with just $1k. 🔻