The price of bitcoin has seen a series of notable fluctuations in recent times. Here are some reasons that could explain the recent drop:
1. Death Cross: The death cross is a technical signal used by investors to predict the future behavior of a cryptocurrency. It occurs when the average price of the last 50 days falls below the average price of the last 200 days. This combination may indicate significant long-term lossesÂč.
2. Macroeconomic factors: Rising interest rates due to inflation and fear of a recession in the US may affect the cryptocurrency market, including bitcoinâŽ.
3. Regulation and other events: Regulatory scrutiny, bitcoin miner exits, and institutional buying activity can also influence pricesÂČ.
Remember that the cryptocurrency market is volatile and subject to multiple factors. It is always important to do your research and consider various perspectives before making investment decisions. đđĄ
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(1) Bitcoin: what is the "cross of death" and why it scares those who.... https://www.bbc.com/mundo/noticias-57572823.
(2) Why bitcoin has fallen 70% from highs and why it can continue.... https://cincodias.elpais.com/cincodias/2022/06/24/mercados/1656047913_000962.html.
(3) Why has the price of Bitcoin dropped today? - Cointelegraph. https://bing.com/search?q=Por+qu%c3%a9+est%c3%a1+bajando+el+bitcoin.
(4) Why has the price of Bitcoin dropped today? - Cointelegraph. https://es.cointelegraph.com/news/why-is-bitcoin-price-down-today.
(5) Why is Bitcoin going down so much? - Forbes Argentina. https://www.forbesargentina.com/negocios/por-esta-bajando-tanto-bitcoin-n20583.
(6) Getty Images. https://www.gettyimages.com/detail/photo/crytpocurrency-royalty-free-image/954471176.
