Recently, there has been a general increase in cryptocurrencies. Ethereum while breaking his own record every day, bitcoin also showed an upward trend. Moreover, when it comes to general market value, Bitcoin volume 1 trillion 255 billion dollars removing it, TeslaHe managed to pass. However, overnight 12 percent a drop lost its value.
Bitcoin received the biggest update of the last 4 years!
Bitcoin has received its biggest update in recent years, called Taproot. It then broke the record by reaching the highest level in recent years.
Why is bitcoin falling?
bitcoin Investors continue the discussions divided into two. A popular opinion says that crypto money will gather strength from the bottom and rise again and even continue to break records. However, according to another prevailing view, Bitcoin was experiencing an artificial rise. Now it is moving towards the value it should be.
new York based investment bank and financial services holding company JPMorgan, in an announcement made, is the oldest and largest volume cryptocurrency. of bitcoin fair value 35 thousand dollars had said it was. According to the company, almost half of the value it currently trades is due to an artificial increase. However, if the rise continues, 73 thousand dollars levels, and even within the next year. 100 thousand dollars He was told he could get over it.
bitcoin we passed October per month 66 thousand dollars managed to reach the level. Next 58 thousand dollars decreased to levels. However, as stated in popular opinions, it is the highest level in its history by gathering strength from the lower levels. 68 thousand 613 dollars managed to reach.
Of course, by not protecting the summit for a long time 63 thousand dollars decreased to levels. However, it continued to rise until yesterday. 66 thousand dollars reached. Users at this point of bitcoin He was waiting for another record-breaking. But when the expected threshold was not exceeded, sales began and overnight. 12 percent experiencing a passing fall 58 thousand dollars decreased to levels.
After this situation bitcoinIt may have entered a recovery period. Right now $59,800 rose up. Of course, after this point, by experiencing another decline. JPMorganbottom of what he said 35 thousand dollars does it regress to the level or does it continue to rise to the upper level? 73 thousand dollars We’ll see if it goes up to the level.
Please note that this is not investment advice. What do you think about this subject? Don’t forget to share your views with us in the comments!