Why Bitcoin Price Dropped?

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Avatar for Aejaythegreat
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4 years ago

Bitcoin (BTC) is known as the first open- source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown. Why the price of bitcoin dropped to $3600 overnight? According to cointelegraph.com, The funding rate on Bybit, Binance Futures and BitMEX remained at around -0.05%. A negative funding rate when the price of BTC is going down means that the overwhelming majority of the market is holding short contracts, expecting BTC to drop further.

BITCOIN has again begun moving lower, following broader financial markets down as investors count the cost of the spreading coronavirus.

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Avatar for Aejaythegreat
Written by
4 years ago

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di din ako masyadong maalam sa bitcoin basta ang alam ko it can be converted to ash and it is expensive. bitcoin and other cryptocurrencies. patok to ngayon. di ko alam kelan nagstart pero i think magiging kasama na talaga sa buhay toh... ang galing nga ng nakagawa eh

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User's avatar Jdine
4 years ago

True dahil sa mga libreng sites na cryptocurrencies ang binibigay e kumikita tayo ng libre haha

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User's avatar Aejaythegreat
4 years ago

oo nga. hehe... maganda din mag buy and sell ng btc sabi nila kaso talo ka pag bigla bumaba ang bentahan. d ko ginagawa di ko alam gawin eh. tsaka natatakot ako aahaha

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User's avatar Jdine
4 years ago

Ako rin bagohan pa ako sa crypto currency. At ang laki ng opportunity natin na kumita dito.

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User's avatar RyanReborn
4 years ago
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