Bitcoin News

Bitcoin fell below $ 50,000

The price of Bitcoin, below the $ 50,000 psychological support, has reached the lowest level in the last 48 days.

to the the report د Bitcoin Desk ‌ The price of Bitcoin fell from $ 54,900 to $ 51,500 last night at around 8 am Tehran time. After this price reduction, we saw another increase in sales pressure, which eventually led to the price reaching $ 48,300. Bitcoin is currently traded in the $ 48,500 range. This digital currency has experienced a decrease of about 8% in the last 24 hours.

Ki Young Jul, CEO of CryptoQuant Analytics, said:

Intra-chain data show that we are still in the long-term uptrend market.

If Bitcoin fluctuates in this way by the end of the week, its weekly candle will close with the biggest drop since February. February saw Bitcoin fall 21 percent weekly from a high of $ 64,900.

Technical analysis predicts that falling below the 100-day moving average in the $ 49,000 area may lead to further falls to $ 46,000.

Other digital currencies also declined significantly. Ripple and Ethereum have lost 19.9 and 10.8 percent of their value in the last 24 hours, respectively. The price of Bynes Coin also decreased by 5.8%.

Market data show that almost all of the top 20 digital currencies have fallen.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button