If you follow cryptocurrency news you're probably aware of the bitcoin price plunge last year. The world's most coveted cryptocurrency fell steeply from $10,334 on February 13th to $4994 on March 16th - a drop of over 50%. Things have certainly recovered since then, with the bitcoin price now sitting comfortably above $55,000 and hodl-ers (people who hold on to their crypto rather than selling) remain confident that bitcoin's value will continue to rise.
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