(5/20, Thu) btc got through historic "Black Wednesday" with once falling to $28157 and closed -19.7% down

Yesterday(5/19 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $42854, its lowest as $28157, its highest as $43596, its closing as $36812. Bitcoin reached a peak immediately after the start of Wednesday and then began to decline, breaking down the psychological resistance of $40000 at 04:15, moving sideways at around $40,000 for a while, and then increasing the selling volume at 11:15 to fall $10,000 for an hour from 12:15. And it began rebounding after reaching the low of $28157 at 13:00, rising to $40,100 at 17:15, and then closing down -19.7%.

Yesterday's decline was a major crash reminiscent of a decline in early 18 years, and it seems to have been enough to revive the experience of a -45.3% decline in just one day on March 12 last year. The intraday lowest price was -34.3% lower than the starting price and -56.7% lower than the year-round ATH. With the btc dominance rising from 40.0 to 44.4, all altcoins also fell sharply, with Ethereum falling -28%, BNB coin, which had risen significantly, -31.8%, and Dogecoin -29.2%.

Ironically, in the financial market, the Nasdaq index, which represents technology stocks, is showing a sharp decline due to the massive collapse of cryptocurrency market, and this is a completely reversal of the appearance of the cryptocurrency market, which has been up and down along with the movement of the Nasdaq index. Unlike a few weeks ago, when they had a positive effect on each other and rose, now they have a negative effect on each other and appear to decline together. In the end, it seems that it means that the cryptocurrency market can rise as well only if the financial market rebounds first.

Yesterday, there was news that China banned cryptocurrency as the cause of the crash, but this was not new, and since Elon Musk explained that Tesla did not sell bitcoin, this also cannot be regarded as the cause of the crash. It was self-evident that the entire cryptocurrency market, which had risen significantly, with btc increasing 225% this year, 595% for Ethereum, 1872% for bnb, and 10100% for Dogecoin based on the ATH price. It was just a matter of when to come...