Why did the BTC crash happen and is it happening? ๐Ÿ’š

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Avatar for Naveed5555
3 years ago

There are several reasons to explain the significant loss in the price of Bitcoin in recent days. The first is that currency volatility still significantly affects its valuation. This influences both to raise its price and for the falls it has had. The Heraldo de Mรฉxico Ruta 2021 BITCOIN Bitcoin continues without stopping the fall; this is how the Cryptocurrency is priced on April 22 The Cryptocurrency registered losses again yesterday and is now close to the barrier of 50 thousand dollars per unit Bitcoin registered a new downward journey PHOTO: Bitcoin file registered a new one downward day PHOTO: Bitcoin archive registered a new downward day PHOTO: Archive. Photo: Archive 2021/4/22 06: 33 hs Heraldo de Mรฉxico By HERALDO DE Mร‰XICO ECONOMY Bitcoin has had a very bad week and has not been able to stop the decline of recent days. The Cryptocurrency had to face very tough days, in which it has lost almost 15 percent of its record value. Having hit $ 62,732 per unit, it is now struggling to stay on the $ 50,000 per Bitcoin line. Yesterday it started with a value of 54 thousand 955 dollars per unit, that is, one million 94 thousand 064 pesos. Today it dawns with a price of 53 thousand 985 dollars per Bitcoin, around one million 76 thousand 007 pesos. The volatility of the digital currency allows specialists to still have confidence that at the end of the semester, the value of Bitcoin can rise to 80 thousand dollars. But now are difficult times and we will have to wait to see if that happens. Bitcoin once again had a downward journey PHOTO: Archive Why did the crash occur? There are several reasons to explain the significant loss in the price of Bitcoin in recent days. The first is that currency volatility still significantly affects its valuation. This influences both to raise its price and for the falls it has had. YOU MAY BE INTERESTED IN Price of the dollar today, Thursday, April 22, 2021; exchange rate Price of the dollar today, Thursday, April 22, 2021; exchange rate What payment services already accept Bitcoins? What payment services already accept Bitcoins? It is also thought to be related to concerns that the US Treasury may take action against possible money laundering carried out through digital assets. Although there has been no official statement about it. The last reason may seem contradictory, but it is very important. The total value of Cryptocurrencies exceeded 2 trillion dollars for the first time, at the beginning of the month. But the large participation of the people has made this unregulated instrument subject to the whims of a volatile market ๐Ÿ’š๐Ÿ’š๐Ÿ’š The total value of Cryptocurrencies exceeded 2 trillion dollars for the first time, at the beginning of the month. But the large participation of the people has made this unregulated instrument subject to the whims of a volatile market ๐Ÿ’š๐Ÿ’š๐Ÿ’š The total value of Cryptocurrencies exceeded 2 trillion dollars for the first time, at the beginning of the month. But the large participation of the people has made this unregulated instrument subject to the whims of a volatile market

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