Bitcoin Dropped Below $57,000 Today

Bitcoin has dropped below $57,000 today. After the rise last week, the leading crypto has fallen this week.

The decline of Bitcoin, which started a great rally in the past weeks and made its investors happy by approaching the 69 thousand dollar limit, was rapid. It blew many short positions, hanging as low as $57,000 in the early hours. After the Bitcoin price approached the $ 69 thousand limit, it fell below $ 57 thousand. The skepticism of some countries in tax avoidance on cryptocurrencies has raised question marks for the new period. For this reason, the price bounced back by hitting the $60k threshold twice. Ethereum price, which is expected to start the altcoin bull, resisted a bit after pushing it to the $4800 limit, but eventually gave up. After hanging as low as $4000, Ethereum is hovering around the $4200 levels. AVAX performed well during this period and broke records as high as $146. It is currently hovering around $134. SHIB is around $0.00004. Authorities think that even though there are decreases, the price of Bitcoin will continue to move within the upward channel.