Bitcoin, a day after historic rise to long-awaited All Time High, made another record. But the triumph for Bitcoin enthusiasts - at least those who base their enthusiams on price in US dollars - was shortlived. Only few short candles away from coveted 20000 US$ price Bitcoin again made spectacular dive and dropped from 19800 US$ to nearly 17800 US$ dollars. Bitcoin, however, wouldn't have been Bitcoin without some spectacular and sometimes disturbing volatility. Only a hour later it recovered most of its losses, while now (18:42 UTC) it trades slightly lower than 19000 US$.
This volatility, although not that unexpected, might be too much for all but the most experienced and mentally fit crypto traders. Ivan on Tech, while commenting today's events on Twitter, observed that in a matter of hours both crypto bulls and crypto bears, if they had tried to play the market, got slaughtered. And, of course, it wasn't what the most observers and major crypto influencers had predicted. Bitcoin was supposed to breech 20000 US$ boundary today. It didn't happen and it is another good reminder that Bitcoin never does what it is expected of it.
Bitcoin price drama, of course, managed to overshadow other crypto stories which were supposed to mark this day. Successful launch of Ethereum 2.0 had zero effect on the price of ETH. And few bothered to actually pay attention on very interesting Steem and Steem Dollar development, with the latter (which was supposed to be US$-pegged) actually rose to 4 US$. Media and public won't pay attention to those development before Bitcoin becomes less rowdy.