Twitter Reacts to ‘Black Tuesday’

The cryptocurrency market took an absolute hammering on Tuesday, Jan. 16 in what is being described as ‘Black Tuesday.’

Bitcoin and various altcoins suffered over 40 percent losses in market capitalization on Tuesday amid regulatory uncertainty in South Korea and China.

The FUD led to a black day for cryptocurrency markets – arguably worse than the massive price correction that hit Bitcoin in the lead up to Christmas, after it had hit an all-time high of $20,000.

As per usual, crypto enthusiasts from all walks of life took to social media to share their thoughts, hopes and fears amid another shaky day in the world of cryptocurrencies.

Calls of #HODL ring clear

Canadian twitter user Armin van Bitcoin posted an interesting and widely shared graph comparing similar corrections in the price of Bitcoin in January for the past four years.

Another user also noted the trend, followed by a suggestion that a recovery would follow.

A thought provoking suggestion from Hodlwhale speculated that many traders and whales were merely taking profit for the first time this year:


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