Mass sale in the market of crypto currency, which began on Sunday morning, February 4, continues. As of February 6, the Bitcoin rate fell to $ 6,050.
After the bitcoin price fell below $ 7K on news about the ban on the largest Western banks to buy crypto currency with credit plastic cards, it continues to decline. in the end, in just three months, "digital gold" has fallen in price almost threefold.
Market capitalization of the Crypto currency fell to $ 287 billion, although on February 1 it exceeded $ 500 billion.
Chief market analyst Centrip Miles Ikers commented on these events to Reuters: "We assume that the decline will continue, breaking the next mark of $ 5,000 per coin"
It should be noted that such a recession is observed not only in the young market of crypto-currencies. On Monday, during the trades on the New York Stock Exchange, the main industrial index of the Dow Jones fell from 25 to 24 thousand points. The leading index of the US stock market fell by 4%. This is the worst fall in points since September 2008 during the global financial crisis, when the plan to save the US banking industry was rejected.
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whats happening to bitcoin
the past 2 months have really been bad for us, so much unknown. just yesterday i bought coins for 1.5k usd and now their worth about 800 usd, i wish i had waited till today :S
This shouldn't be happening, please.
where is all the money going if its not in the crypto market and the forex market is on a bearish term