Archive: selloff


Why This Bitcoin Correction is Normal

By Adam Sharp on January 22, 2021

As I write this on Thursday, January 21st at around 3:00PM EST, bitcoin is currently down 8.3% over the last 24 hours to $32.4k. It’s down 17.2% over the last seven days. Altcoins are mixed, but mostly down as well. But none of that is cause for major concern. One factor that’s driving the recent selloff — in my view — are comments by incoming Treasury Secretary Janet Yellen about crypto. Here’s an excerpt from…