We know that there are occasional ups and downs in the cryptocurrency market. But in recent days, Bitcoin has been on a huge decline. It even reached the lowest value in the last 6 months. Investors are also divided into two. Some of them say that they will recover and go to the exit again. Others state that they can see the January data of last year, that is, it can fall to the lowest level in a year.
Bitcoin investors upset: Last 6 months low!
Bitcoin, the most popular cryptocurrency in the world, started the day badly. Saddening its investors, BTC saw its lowest value since August.
Bitcoin fell to the level of 35 thousand 112 dollars!
After falling to the level of 39,600 in September of last year, Bitcoin, as many investors expected, went out and reached the highest level in its history, $ 69,000. But then it was withdrawn to the level of 53 thousand dollars.
After that, many expected to rise again and break another record. In fact, it showed an upward trend in the beginning and managed to exceed 59 thousand dollars. But in December, when it could not exceed the limit of 60 thousand, it unexpectedly dropped from $ 57 thousand 500 to $ 42 thousand in one day.
A similar situation occurred at this point as well. Many said that if the 42,000 limit is crossed, the downward trend will continue. However, it recovered in a short time and went above the 50 thousand dollar level. Over the past month, it has started to show a downward trend more than it came out.
However, after falling to the lowest level in the last 6 months after yesterday’s decline, many said that this was a new breaking point and they remained uncertain about falling and exiting. Today, Bitcoin continued its downward trend and fell to $ 35 thousand 112.
It is said that Bitcoin, which saw the level of $ 29 thousand 278 in July of last year, may come to the same levels again, or even fall below. However, many big investors said that they are not worried about this issue and that they think it will come out again even if it regresses to this point. Of course, there are people who claim that these speeches are made to revive the market.
Looking at the change in the last 24 hours, we see that Bitcoin is one of the least affected ones. Here are the instantaneous 24-hour drop rates of major cryptocurrencies:
- BTC – 9.3 percent
- ETH – 14.6 percent
- BNB – 18 percent
- ADA – 15.7 percent
- SHIB – 24.2 percent
- MATIC – 19.3 percent
- AVAX – 23.43%
- LUNA – 25.9 percent
- XRP – 13.1 percent
- LEFT – 18.6 percent
- DOT- 22 percent
- DOGE – 14.5 percent
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