Bitcoin price to 2020 levels

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The crypto winter drags along and bitcoin is either preparing for another drop or building a platform to climb higher. As the market continues to fall, those who were planning to buy a dip in crypto have had to reconsider their plans. The total crypto market cap stands at $760 billion. A bad drop could bring the market down to $400 billion. Bitcoin is the only crypto asset that is relatively safe in this environment. Even ethereum is falling apart against bitcoin, which is leading to bitcoin rising in the dominance charts. Although a price below $10,000 is possible, it is not impossible. The upside though could possibly be far in excess of this, as it becomes realised that code and smart contracts are vastly superior to human economic decisions.Disclaimer: This article is provided for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.