As Bitcoin (BTC) lost about 6.5% over the 2-day weekend, investors began to wonder about the reason behind the drop.
During the Bitcoin weekend, approx. 6.5% in altcoins while depreciating to 15% significant decreases were observed. 29,800 dollar Bitcoin, which started a sharp decline from the levels, TSI 10.50 around 27 thousand 800 experienced a pullback to dollar levels.
Since the beginning of the year close to 70% Bitcoin, which gained more value than almost all investment instruments, 2 days serious loss of value in the process “From where falling” brought the question.
What Triggered the Fall?
Experimental tokens called BRC-20 market value And suddenly use increase too much On the Bitcoin blockchain created density. That’s why Binance said there was a problem with the Bitcoin network. withdraw money stopped its transactions 2 times within 10 hours.
Transaction fees continually increase And transfers pending on the block Binance CEO CZ is a part of this, while investors complain about the “bull market” He said he had a problem. In addition, while BRC-20 tokens are already so busy, in the last 10-day period 4 times going out 12 thousand It also made investors nervous. Although the tokens in the BRC-20 network, such as PEPE, are receiving serious attention, such a slowdown in the Bitcoin network is in the market. fear and panic created.
On the other hand, some investors are behind Binance stopping Bitcoin withdrawals. another reason He thought he was sleeping and made a sale. For this reason, it is thought that Bitcoin may have experienced a decline.