Cryptos are falling, but today’s minuses are reminiscent of the island of serenity compared to the previous massacre


Bitcoin seems to have stabilized the exchange rate after the big fall a few weeks ago, the exchange rate has fluctuated between $ 34,000 and $ 39,000 over the past few days, which would already mean a lot of volatility for a traditional instrument. However, bitcoin was still close to $ 60,000 in May and well above it in April, so fluctuations in recent days are a small movement in relative terms.

Behind the big fall was Elon Musk’s “message of war” at the time – the Tesla leader repeatedly criticized bitcoin for its high energy requirements. In addition to Musk’s manifestations, the announcement by Chinese policymakers set off a real avalanche, as tightening usage and regulation significantly worsened the outlook for bitcoin, and was a strong signal that cryptocurrencies are unlikely to move in the direction of becoming a currency.

Interestingly, Musk kicked one of his cryptic messages into the crypto market yesterday, but it had a moderately moderate impact compared to previous messages. We still see a drop today: the price of bitcoin stands at $ 36,150, a drop of over 2%, with ethereum falling 1.2% to $ 2,650 among the largest capitalized cryptocurrencies.

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Source: Portfolio.hu – Befektetés by www.portfolio.hu.

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