What Happened To Bitcoin - Was This Maybe Just A Bait? - Kakiforex | Forex markets for the smart money. What Happened To Bitcoin - Was This Maybe Just A Bait? What Happened To Bitcoin - Was This Maybe Just A Bait?

February 23, 2021

What Happened To Bitcoin - Was This Maybe Just A Bait?

 Bitcoin price is muted on Monday after surging to its latest highs the day before. Analysts have argued that global equity sales are curbing the appetite of the seeders and that investors have also taken a 'long' position in the crypto market.


Bitcoin has fallen as much as 8% to below $ 53,000. Today's fall was the biggest daily fall in a month. Prior to this the bitcoin price had fallen by 7.5% to the price tag of $ 53,177.


On the loose month, a 31.54% correction applied to Bitcoin starting at a high of $ 42,000 (January 8) to $ 28,883 (January 22) before rebounding in early February. As of Sunday, bitcoin price has surged to a high of $ 58,354, with an increase of almost 100% this year. Bitcoin market capital also increased to $ 1 trillion on Fridays.



For Ethereum too, after the steady rise in Ethereum (ETH) value above the $ 1,300 zone, the price continued its advance above the main hurdle and saw it above the $ 1,780 barrier level. However, the crypto also experienced a correction with a decrease of 8.7%.


Bitcoin's massive increase in price of more than $ 50,000 has been prompted by signs that it is gaining acceptance among major investors and companies such as Tesla Inc and Mastercard Inc. to BNY Mellon.


Joseph Edwards of Enigma Securities, sees there is a tendency for minor corrections to continue in the week, but he is good for future prospects. Additional months before this time Elon Musk has posted up tweets that the price of bitcoin and Eth is already a bit high.