Cryptocurrencies are making investors hair loss! This is the reason for the incredible decline
April 12, 2022
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The cryptocurrency market, which continued to rise through the middle of last week making its investors laugh, has again started to stall, especially with a big drop on
The cryptocurrency market, which continued to rise through the middle of last week making its investors laugh, has again started to stall, especially with a big drop on Wednesday. The market, which fell slightly until the end of the week, started again yesterday. a great retreat hosted.
On April 4, it entered the new week above the $46 thousand level. bitcoinWith the declines on April 5 and 6, it was pulled back to $43 thousand. Bitcoin, which closed the week at the 42,000 mark, hardened its decline on the first day of the new week. Bitcoin, the day of autumn that started yesterday Falling as low as $39,200 Closed. Bitcoin, as of the writing of this article At the level of 39 thousand 900 dollars is wandering.
The picture was the same for popular cryptocurrencies:
Ether (ETH):
Binance Coin (BNB):
left left):
Ripple (XRP):
Terra (Luna):
Dogecoin (DOGE):
Why did the fall happen?
This drop, with Bitcoin dropping below $40 thousand for the first time this month, is viewed by many experts as using the US Federal Reserve to fight inflation. anticipating a tightening of monetary policy. tied up. The inflation announcement by the Central Bank on Tuesday reinforced these expectations and led to a recession in the markets. The decline was seen not only in the cryptocurrency market, but other markets as well.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.