Bitcoin Continues Its Struggle at 20 Thousand Dollars

Bitcoin, which reached $67 thousand in November last year, fell below $18 thousand yesterday. Cryptocurrency investors followed the Bitcoin-led decline with concern, while some investors, who saw the decline as a buying opportunity, bought from the bottom and BTC approached the level of 20 thousand dollars again.

Bitcoin Continues Its Struggle at 20 Thousand Dollars. The historical decline of cryptocurrencies continue. The leading crypto Bitcoin fell below $18 thousand yesterday and fell to the lowest level in the last 1.5 years. With the investments made from the bottom point by investors who see it as a buying opportunity, BTC recovered partially and the daily rise of BTC approached 10 percent. The situation was no different for the leading altcoin Ethereum and Ripple. ETH, which exceeded $1000, which experts say is the critical threshold, started the week with an increase. The increase in Ripple was recorded as 5 percent and the unit was positioned at $0.31. Partial recovery was also observed in Cardano and Dogecoin. Cardano rose 6% and DOGE 4%. Central Banks, which decided to cut interest rates during the Covid-19 pandemic, decided on a tightening policy after the pandemic. Aggressive interest rate increases were made to combat global inflation, which increased with the effect of the Russia-Ukraine war. In the light of the developments, the financial markets started to retreat. With the impact of the war, investors began to withdraw heavily from risky markets, including crypto. The Luna and Terra collapse was devastating for crypto markets, which were having a hard time. The historical depreciation in the cryptocurrency markets has put not only investors but also international companies active in the cryptocurrency market in a difficult situation. The world's leading exchanges have reported that they have stopped recruiting indefinitely and have begun to impose partial withdrawal restrictions. Binance, on the other hand, announced that it will continue to grow, contrary to the situation in the market, and that cryptocurrency markets should be seen as a long-term investment.