Why is Bitcoin falling?

Tomki91

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Why is Bitcoin falling?

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The price of Bitcoin and Ethereum, the two largest digital assets by market capitalization, has dropped more than 40% since mid-November. Bitcoin hit a record high of around $ 69,000. in November, before dropping to about $ 34,432. on January 22 at 19.00 Polish time. This is a level below which "there isn't much support all the way to the $ 30,000 mark"

Below are the main reasons for the decline in cryptocurrency:

  1. Interest rate increases by the FED
  2. Increasingly correlated with the stock market
  3. Regulations - the topic comes back like a boomerang
  4. Cryptocurrencies do not have days off work
 
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