Today we start the week with new news in the world of cryptocurrencies, as the price of BITCOIN is always new, many times it dazzles because of its tendency to rise but now it had a bearish perch and here we will talk a little about why.
Bitcoin price today is $ 32,278.88 USD with a 24-hour trading volume of $ 47,678,040,594 USD. Bitcoin is down 4.89% in the last 24 hours. CoinMarketCap's current ranking is # 1, with a market cap of $ 604,901,618,848. It has a circulating supply of 18,739,856 BTC coins and a maximum supply of 21,000,000 BTC coins.
Today, Monday, it has been seen that this currency is below the levels in which it remained for a good time, $ 33,063.14 to this, the price of the Serey coin is also explained, which fell a little due to the price of Bitcoin since it is active it also depends on the BTC.
Cryptocurrency is not in the interests of investors at this time, many want a lower price to be able to invest, the freezing of assets may mean a decline in the market since soon some governments evaluate the option of investing in this great currency.
Bitcoin has a lot of power, this convinces the market that good times are still to come...
Some factors that could influence this fall
- The main focus of investor attention throughout the economy this week is said to be the Federal Reserve.
- The US dollar made strong gains, while stocks then staged a sell-off as market participants repositioned.
- The coronavirus and the economic strikes that followed.
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The reduction in purchases, which according to CNBC currently amount to about $ 120 billion a month
- The Chinese bank removed its statement on cryptocurrencies which exerted some negative influence on the cryptocurrency markets.
The dollar could continue to "push" Bitcoin until the US Dollar Currency Index (DXY) hits around 94 from its current levels of 92.2. Bitcoin price plummeted over $ 1,000 in minutes before rebounding to $ 33,000, China has already shut down half of the Bitcoin network. Bitcoin's hash rate is at its mid-2020 levels.
What everyone wonders is if this is currently happening is so bad.
For me personally I see it as an option to invest since with this the price of cryptocurrencies has fallen by 45% in almost all markets making the option of investing in the medium term easier, bitcoin has a lot of power, it is empowered of a large majority of the global cryptocurrency market, so do not be afraid of its falls since when we talk about cryptocurrencies we refer to volatility and stability.
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