, the leading cryptocurrency Bitcoin, has now fallen to a level that has never been seen before June 2022. This flagship currency has been trading in a bear market for some time.
Currently, Bitcoin is selling for $18,771 after falling 5.33% in the past 24 hours.
is just not Bitcoin, in fact, since the global cryptocurrency market capitalization is still below $1 trillion, most currencies have fallen victim to the current bear market. As uncertainty hovers in the market, there is a risk of further decline.
As Bitcoin says, altcoins are also pulled down, while Ethereum (ETH) plummeted by nearly 8%. It's just that's not the case, and there's even a lot of liquidation.
Bitcoin Bear Market
According to cryptocurrency journalist Colin Wu, the past 24 hours have been a difficult period, with Bitcoin and Ethereum falling 6% and 8% respectively, with liquidation amounts of $340 million in the past 24 hours. He also said that the f2pool showing the mining pool shows that the T17 M21, which is a bitcoin miner, has fallen below the closing point.
At the same time, Glassnode revealed that the Bitcoin supply that did not meet the standards in 2021 has now reached 12.589 million Bitcoin ATH. It also said that the increase in supply points to the Bitcoin bear market.
On the other hand, Kevin Loo, head of investment insights at IDEG Asset Management Ltd, said in a discussion of the global macro environment that the current macro environment is not favorable. Therefore, he believes that the currency may plunge further as the price of Bitcoin falls below $20,000.
Friends who like it like it and follow it. Welcome to make your valuable suggestions in the comment area
If you have any questions, please leave a message in the comment area. Thank you for your likes, attention and support.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-