Friday, February 23

Bitcoin sinks 6%, bulls’ enthusiasm fades

The cryptocurrency with the largest market capitalization, however, started the week with a low of $ 50,700, after touching $ 51,515.6, its highest level since December 7. Meanwhile, Ethereum also fell below $ 3,900.

The correction suffered in recent weeks could have ended for Bitcoin, and experts argue who They emphasize that you have to be bullish once Bitcoin breaks the barrier of $ 51,000.

Markets cryptocurrencies They were extremely volatile in 2021, with Bitcoin falling approximately 56% between April and June and then reaching its all-time high in November, then to go down again due to concerns about Ómicron, among other factors.

But nevertheless, 2021 was a historic year for cryptocurrencies, overall, “with the ‘blockchain’ space attracting a significant amount of capital thanks to the launch of exchange-traded funds (ETFs) and increased awareness among investors“said analyst Naeem Aslam.

The year has been another great season for the crypto market, as the price of bitcoin (BTC) has nearly doubled so far this year and the total cryptocurrency market capitalization has risen from just over $ 750 billion. to almost 3 trillion dollars.