The cryptocurrency market has witnessed one of the most brutal corrections of 2021 with the overall market tanking more than 15% in a matter of hours. The world’s two top cryptocurrencies plunged nearly 20% earlier today before bouncing back marginally.
Bitcoin (BTC) witnessed a low near $43,000 while Ethereum (ETH) witnessed a low around $3,500. However, the chatter around buy-the-dips is gaining much traction. As on-chain data provider Santiment reports:
Bitcoin fell all the way to $43.5k about an hour ago, along with #Ethereum dropping to $3.54k. However, prices are bouncing with the largest #buythedip interest spike in 3 months. Renewed #covid concerns among larger stakeholders should tell the story.