Bitcoin is one of the most precious assets in the Crypto market, its instability is due to the strong adoption it has and the decision of many to buy or sell at some point.
Bitcoin has already been adopted by some countries as a transition currency, has been strongly acclaimed and strategic reserves have been built in several countries (especially in the US).
But then, why did it go down? This is due to the truth of its existence, cryptography is increasingly at risk with the evolution of quantum computing, people no longer question it, but they are not willing to take the risk of financial losses at any time. Several traders saw their orders liquidated, which caused mass liquidations and drove the market lower.
Bitcoin can and will rise again, not because of more adoption, but because it has already proven its worth. Large Traders are waiting for the big bullish moment to come.
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