Bitcoin Price Crashes To $49,000: Key Reasons Explained

Rate hikes by the Japanese central bank typically precede recessions

Over the previous 24 hours, the crypto market has witnessed a extreme downturn, with Bitcoin’s worth tumbling down 15% to a low of $49,000 on Binance (BTC/USDT), marking a big departure from its $70,000 excessive final week—a 26% crash. Equally, Ethereum (ETH) plunged 39% from $3,400 to $2,100. This downward pattern was not remoted however … Read more

Bitcoin Price Could Crash Like In May 2021, Warns Fund Manager

Bitcoin price

Bitcoin’s worth has fallen under the crucial assist degree of $60,000, reaching a low of $57,914. Since Tuesday, Bitcoin has skilled an additional 7% decline, reinforcing the continued downward development. At the moment, market sentiment is shifting markedly in direction of the bearish facet. Is A Could 2021-Type Bitcoin Crash Looming? Andrew Kang, co-founder of … Read more