On Wednesday, November 10, the Bitcoin price shot up significantly to a new all-time high of $69,000 soon after the U.S.
The rise in the BTC price was pretty obvious considering that the digital asset serves as a strong inflation hedge.
Bitcoin entered a sharp correction dropping nearly 10% all the way to the bottom of $64,000.
In the past 12h, Bitcoin broke through 69,000 and then began to fall to a minimum of 64565.
It will be interesting to see whether if BTC finds a base at $64,000 and starts its upwards journey from here on.