“Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic”
January 11, 2021
“Over the last 24 hours, the cryptocurrency declined by more than $8,000 to $32,400, an over-20% fall from levels over $40,800 late on Sunday (UTC). The cryptocurrency was last seen changing hands up slightly near $35,380 – still down 13.6% on a 24-hour basis.
Prices reached a record high of $41,962 on Jan. 8 and ended the last week with 15% gains, its fourth-consecutive double-digit weekly gain, according to CoinDesk 20 data…”
https://finance.yahoo.com/news/bitcoin-plummets-miners-sell-inventory-092227718.html
Bitcoin has wild spikes like this because of many people cashing out at the same time. Also it has no real value which makes it unstable in general. As long as it’s popular it will go back up again. Basically what I’m saying is this is Normal.