Bitcoin falls again to $ 30,000
Market uncertainty has become an everyday occurrence, but it is impacting the portfolio of the drivers of these digital assets
The cryptocurrency market again experienced a sharp decline and bitcoin lost 5 % of its value to settle at 31,547.6 units, approaching the symbolic threshold of $ 30,000. The low of the day was the worst record for this cryptocurrency since its temporary crash of 30 % in mid-May.
Although there is no concrete explanation for the sharp falls in cryptocurrency prices on this day, some specialists consider that the behavior of the asset is due more to technical than macroeconomic factors. Some consider that since its crash, the cryptocurrency has failed to find good support above $ 32K.
While others admit that the price of crypto could continue to decline to below $ 30,000, before taking its big leap and starting the climb. They also claim that the seizure of the bitcoins belonging to the Darkside hackers for 2.3 million dollars was a motive.
For its part, ethereum, considered the second most important crypto, lost more than 11 %. Although these declines have become an everyday occurrence in the crypto market, they continue to impact portfolios of drivers of these assets.
For some analysts “the efforts of governments around the world to regulate cryptocurrencies create waves of concern.” The bitcoin fear index remains in the extreme fear zone. Since the end of last year, the price of this crypto has been stimulated by the interest of professional investors: investment funds, Wall Street banks and manufacturer of electric vehicles.
M. Rodríguez
Source: eleconomista.com
