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Bitcoin fell $ 10,000, bounced back and closed at $ 54,000

Nick Quaz by Nick Quaz
February 23, 2021
in News
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Bitcoin fell $ 10,000, bounced back and closed at $ 54,000

Bitcoin fell $ 10,000, bounced back and closed at $ 54,000

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Bitcoin It’s down from $ 57,580 this morning to $ 48,967 this afternoon., Pre-healing quickly and Settle at around $ 54,000According to Coinmarketcap’s cryptocurrency trading portal.

Bitcoin price drop In conjunction with a trading volume of 91,060 million US dollars in the past 24 hours, an increase of 60% over that which was traded yesterday, In line with what appeared to be profit-taking by investors who sought to generate close to 100% of the income Bitcoin provided in just two months.

To take the dimension, Bitcoin started the year at $ 29,300 and yesterday topped $ 58,000. This means an increase of 98% in less than two months.

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It was a revolution in Bitcoin A big boost In the past two weeks, after the electric car manufacturer Tesla will announce an investment of 1.5 billion USD in that cryptocurrencyIn addition to a statement that he will accept it in the future as a form of payment.

At the same time, The second-largest cryptocurrency by market cap, Ethereum, also suffered a similar drop on Monday, moving from trading $ 1,939 earlier today to $ 1,580. To get back part of what he lost later and get close to $ 1,800.

Another reason that could have caused the price of major cryptocurrencies to drop is the words of the United States Treasury Secretary, Janet Yellen, who is considered today Very ineffective“To Bitcoin which, he said, is being used frequently.”For illicit financing“.

“They are very speculative assets. I am concerned about the potential losses that investors may incur“Yellen confirmed at a hypothetical event held by The New York Times.

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