BitCoin price Prediction – Why is bitCoin falling? It fell below 34 thousand dollars – Review and Chart 2022
BitCoin price Price Prediction 2024
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BitCoin ‘s bearish movement has accelerated even more. The biggest crypto money, which experienced a decrease of more than 50% from the level of 69 thousand dollars it reached in November, saw below 33 thousand 500 dollars as of Monday 13.
Is the reason the latest developments?
While experts argue that news such as the increase in Russia-Ukraine tensions, the approaching date of the Fed meeting, and the SEC’s rejection of MicroStrategy’s BitCoin accounting method, were effective in the decline of BitCoin , the downward movement fell below $ 34 thousand.
For the first time since July. times
As it will be remembered, BitCoin , which went up to 64 thousand dollars in April and broke the record of all time at that time, dropped very seriously in May due to the tweets of Elon Musk about mining and then the Chinese bans. had lived. BitCoin price receded to 32 thousand dollars in June and 29 thousand dollars in July. BTC, which rose from these levels, saw $ 69 thousand with the announcement of inflation data on November 10.
AltCoin s melted
The fall of BitCoin caused very hard withdrawals in altCoin s. . While Ethereum, the second largest cryptocurrency, saw below $ 2200, Cardano (ADA), which rose above $ 3 in September, was withdrawn below $ 1. Solana, which exploded during the summer months and saw more than $ 250, is trading at $ 80, and Polkadot, the highest level of which is $ 50, is trading at $ 16.
The current total value of the cryptocurrency market, which exceeded 3 trillion dollars in November, is approximately 1 trillion. Around 600 billion dollars…