BTC price At the time of writing, it fell to $ 57,860 and continues to look for buyers below $ 58,000. Although there are legitimate reasons for the sales, it is no longer surprising since it has been a familiar situation for months. Losses are accelerating in altcoins. So what is happening?
Bitcoin (BTC)
After testing $ 65,000, it turned down again. We mentioned that there was a risk of selling down to $ 55,000 with closings below $ 61,700. After hours, BTC reached its current levels. At this stage, SEC’s crypto It is important that he gives the message that he will continue the fight. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
On the other hand, WazirX has a capital of around $300 million hack The incident, followed by the bankruptcy postponement application, fed the fear. With the combination of several events, we may be experiencing a period where bad news is priced in. It is important for investors not to ignore the risk of further losses, especially in altcoins.
Altcoins could experience much faster losses as BTC falls to $55,000 and below. Despite the intermediate increases BTC And ETH The fact that large sales are being made at low prices on the stock front feeds the concern that those expecting a decline may have important sources of motivation.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
