The prices of the cryptocurrency fell strongly on Monday, and continued in its last direction, which led to a large qualifier. Bitcoin moved from the highest level from 109,200 dollars in January to less than $ 93,000.
The price of ETHEREUM has decreased by more than 20 % over the past 24 hours to $ 2,470, while Dogecoin, SUI, Pepe, Hedra Hedra and Chainlink have decreased with the same amount. Here are the 3 most important reasons for buying this decline.
The stock market also collapses
The first main reason to consider the purchase of continuous encryption decline is that the accident occurs across other areas. Global stocks decreased, with futures tie with Dow Jones, Nasdaq 100 and Russell 2000 by more than 2 %. Other global indicators such as Dax German, Hang Seng and CAC 40 have decreased by more than 1 %.
American stocks are always recovering after passing great corrections. For example, these indicators were severely crashed in March 2020 when the Covid-19 pandemic began and then bounced after double numbers after that.
Likewise, these shares fell after Donald Trump implemented the definitions of Chinese goods in 2018 and then recovered when negotiations began. American stocks also crashed during the Dot Com bubble and the global housing crisis.
Keep in mind that Trump holds his performance as an American president by focusing on the stock market. It is often published on its performance on social media platforms such as X and Factsocial.
Read more: Filecoin Prices: Will FIC code recover?
Definitions as a negotiating worker
Most experts believe that Donald Trump uses the threat of tariffs to negotiate a better deal for the United States. They also expect him to change his opinion on these definitions soon due to economic effects.
The main reason for this is that these huge definitions will have a significant impact on the economy. They will push inflation to the top as companies are forced to control prices to meet the definitions. This is because many companies will transfer their business to the United States because of the high cost of doing business there.
Definitions will also affect the American economy. Many local producers depend on imported raw materials, which are likely to increase this year.
Moreover, many Americans will avoid making larger purchases such as vehicles when their prices rise. Their hope is to get a better deal when the definitions end. Therefore, arrows and coded currency are likely to work well when commercial negotiations begin.
The price of Bitcoin was such a big decrease before
Another main reason for the purchase of Bitcoin and other ALTCOIN’s decline is that this is not the first time that BTC crashed. In 2024, Bitcoin rose to the highest level in approximately $ 74,000 in March, then fell to $ 49,000 in September. Then it turned to a record level in nearly $ 110,000 this year.
Bitcoin also crashed from nearly $ 70,000 in 2021 to less than $ 15,000 in 2022 when Celsius, FTX and Terra collapsed. Then it turned to a record level this year.
Therefore, although Bitcoin may continue to fall for a period of time, there are signs that they will bounce later this year. It also has a strong demand for demand and supply, with ETF flows and high supply.
BTC The price chart by Tradingview
Moreover, as shown above, Bitcoin formed the style of science chart ascending on the weekly graph. This style includes a long vertical line and a rectangular scheme. This often leads to a strong upward outbreak, with the next point for watching $ 110,000. This offer will become invalid if the currency decreases below support at $ 90,000. These balls will push other accumulated such as HEDERA, SUI, Pepe and Dogecoin higher.
Post 3 Reasons for the purchase of Bitcoin, Dogecoin, SUI, Pepe, Hedra and Link Dips first appeared on Invezz
