The atmosphere was calm this morning and with every cup of coffee followers opened their apps to check out the latest news and then the headline flashed across their phone screens "Bitcoin hits $105000".
News like this is no longer unfamiliar to anyone familiar with Bitcoin and yet it still carries that warm excitement that accompanies every price jump so yes it's done it again and it's soaring as if nothing can stop it.
But as we've come to expect what rises so high must breathe and so the price began to retreat slightly to $102000.
No this isn't a crash although it may seem sudden it's simply what analysts call a natural correction and Bitcoin by its free and decentralized nature doesn't move in a straight line so it breathes like any living organism.
Some may wonder why does the price drop after a surge and the answer is no secret as the market is catching its breath and some traders are taking profits while others are waiting for an opportunity to enter.
It's a game of supply and demand and it's playing out on a global stage without closed doors or monopolistic exchanges and Bitcoin never sleeps so the markets never close.
We must remember that what we see today was only a dream a few years ago and when Bitcoin was selling for less than $1000 the idea of it reaching 100000 was pure fantasy
Now talk is quietly circulating of 150000 or perhaps more and no one even bats an eyelid.
But amidst all these numbers there is something deeper than mere profits or corrections as there is a financial system born from the internet and a system that doesn't require an ID or proof of residence so all you need is your private key and an internet connection.
