Bitcoin Briefly Slips Below $105,000. Is It Time to Buy?

The initial October optimism that pushed Bitcoin (CRYPTO: BTC) to a new high has quickly faded. On Friday, Oct. 17, Bitcoin slipped below the $105,000 mark -- a 17% drop on its Oct. 6 peak of over $126,000. Prices moved slightly higher over the weekend, but uncertainty rules as investors try to make sense of credit concerns and the largest liquidation event in crypto history.An unexpected China tariff threat on Oct. 10 jolted markets and triggered a cascade of liquidations. CoinGlass data shows that over $19 billion in leveraged positions was wiped out in what's being called "Crypto's Black Friday." The flash crash, and concerns about private credit quality, are driving a wider risk-off sentiment.For investors, this raises the question of whether it is a good time to buy. That depends a lot on your investment thesis.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool