BTC BitCoin direction turned up BitCoin price Prediction – Review and Chart 2022
BitCoin fell to $ 33,180 yesterday with the sales that came after rising above $ 43,000 on January 20 and saw the lowest level in 6 months. . The world’s largest crypto currency, which saw more than $ 37,000 at night, is trading at $ 36,300 as of this morning.
BitCoin rose for the first time after 4 days. It has gained 2.5 percent in the last 24 hours.
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However, this slight upward movement in BitCoin has not yet been reflected in the crypto money market in general. As of 7.45 TSI, Ethereum decreased by 2.2 percent in the last 24 hours to $ 2,390.
The daily decrease in Binance Coin was 2.3 percent, while the decrease in Cardano (ADA) was 3 percent.
REASONS THAT CAUSED THE DECLINE STAY IN PLACE
Actually, the reasons given by the analysts as the reason for the decline have not changed. On the contrary, while the geopolitical risks centered in Ukraine increased, the expectation that the Fed would increase interest rates by 4 this year did not change from yesterday to today. There was no significant decrease in US bond yields either.
In addition, the rising energy prices that forced crypto currency miners did not decrease.
Therefore, although the rise that came yesterday evening is seen as a sign of life in BitCoin . The reason for this rise was shown as reaction purchases, not changing conditions.
Asian-based transactions were seen to be effective in this rise. Whether this rise is permanent or not will be revealed as European and US investors weigh in during the day.