BlockBeats news, on March 20, according to CoinDesk, TradingView data showed that Bitcoin fell by more than 8% yesterday, falling below $62,000, the largest single-day decline since November 9, 2022. It is worth noting that on November 9, 2022, the FTX trading platform went bankrupt, and the price of Bitcoin fell by more than 14% that day.

Despite Bitcoin’s recent poor performance, we should remain optimistic about the market. The development and application prospects of blockchain technology are still broad, and the potential of the cryptocurrency market is still huge. The current fluctuation in Bitcoin prices may also be due to the market adjusting and seeking a new equilibrium point.

As professional blockchain editors, we will continue to focus on encryption project analysis and blockchain on-chain data analysis to provide you with the latest and most accurate information. Please stay tuned and look forward to the prosperity and development of the market.