Week Started Badly: Depreciation Experienced

Cryptocurrency market started the week with bad and lows. The market started the day with a decline after the morning hours and the price of Bitcoin fell again to the level of $ 3,850, and there was a loss of more than $ 2 billion in the markets. Despite the fact that the year-end expectation of the Bitcoin price is constantly increasing, the fact that there are continuous price decreases and that the price decreases are not in the direction of a continuous decrease, but as an increase and a decrease are shown as one of the reasons why investors are undecided. While Bitcoin, which passed the $ 4,000 level a while ago, created expectations that the decreases in its price will end, the declines in crypto money prices that started again today, exceeding 6%, created the concern that it could “fall further” both psychologically and pressure on investors.

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Bitcoin Blames All

The changes in Bitcoin price draw the reaction of investors with the claim that all cryptocurrencies cause the price of all cryptocurrencies to fall and problems arise accordingly. It is claimed that the number of people who say that the drops caused by the Bitcoin Cash hard fork are not believable, have lost their credibility because the effect of the drops has been going on for a long time.