Checklist thinks that Bitcoin One of the assets related to the risks associated with transformations remains in the total economic scene.
Emily Nicole, Correspondent Correctional in Bloomberg, gave her on Bitcoin where the virgin cryptocurrency fell 13 % and entered the bear area. This may be due to total economic uncertainty and political factors.
“Authentic assets”
Nicole said on Bloomberg TV interview The current movement in Bitcoin is very associated with changes in the total economic scene, adding that anything happens in Wall Street can affect the cryptocurrency.
The encryption correspondent explained that investors can never deduct the effect of the total environment on Bitcoin, saying: “All that happens to the shares that knock the encryption as well.”
Nicole Bitcoin described “assets of great risk.” “Therefore, when the disorders occur in the S&P 500, you will see it in Bitcoin as well. Thus, this is definitely Catapular.”
The analyst added that, regardless of the macroeconomic environment, the coded currency sector has passed a period of time. “We had 1 billion hackers last week. We had some disturbances in terms of what was happening in politics as well.”
Shortly more than a week ago, it faced the encrypted currency a setback After a group of pirates in North Korea stole an estimated $ 1.5 billion of BYBIT, which could be the largest penetration of encrypted currencies in history.
“With regard to what people expect to see to go forward, it is still a lot in the air regarding how to perform bitcoin to this day,” Nicole said in the interview.
Political uncertainty
Nicole pointed out that the political uncertainty is another factor that leads Bitcoin to Haboumia. US President Donald Trump pledged to establish it More clear regulations On the encrypted currency, but it has not been fulfilled.
She explained: “Some of the things that Trump promised to do on the campaign path has not yet reached its imposition, and that are a kind of motivation that we aspire to as possible aspects of Bitcoin in the coming weeks, things like the strategic bitcoin reserve.”
The encryption analyst indicated that the total environment weighs greatly on the capabilities of Bitcoin. “If we do not receive any movement on that, if things do not start searching elsewhere, Bitcoin will continue to decline,” she predicted.
Watch closely 70 thousand dollars
Nicolly said that encryption traders are closely seen a $ 70,000 sign, which is the decisive psychological and technical support area.
“We are all looking for a mark of $ 70,000 at the present time. So, if it continues to decline, it is a kind of expected in the current environment, this is the next point where we will start thinking. This is where many risks occur.”
Bitcoin described as “the tide that raises all boats”, so when they rise, other cryptocurrencies also rise. “But these smaller cryptocurrencies are more damaged when there is a disturbance in the market. It is more volatile compared.”
Distinctive image from Fairplanet, tradingvief chart
