Today, marked the four-year anniversary of BTC falling below $16,000 a coin, which The Bitcoin Historian noted was identified as the “Thanksgiving Day Massacre.”
The coin had been trading near its high of $19,783 but fell $3,000, due, in part, to regulatory concerns and profit-taking after hitting new highs.
What a Difference Four Years Can Make
Bitcoin was selling down $721.05, or 0.77 percent, to $92,418.56 as of 11:03 a.m Tuesday, Los Angeles time.
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BTC failed to crack $100,000, despite a major run since Donald Trump was elected president.
Analysts believe some of the recent declines could be the result of investors taking some of their recent profits. Bloomberg said ETFs “saw a $438 million outflow on Monday as demand eased.”