Bitcoin Dropped To $ 28 Thousand

The leading cryptocurrency Bitcoin (BTC) dropped to $ 28 thousand and disappointed the crypto investors.

The largest cryptocurrency, Bitcoin (BTC), which has entered a continuous downward trend, has alarmed investors. Bitcoin, which went into free fall after testing its highest levels, dropped more than 60 percent on some exchanges.

What Is The Bitcoin Price?

It was said that things were not going well for Bitcoin, which broke the 53 thousand dollar support as of yesterday. With the closing of the night, the decline deepened even further and went down to the level of 46 thousand dollars. It was even seen that it tested $28,000 gold on some exchanges such as Huobi. It seems that Bitcoin can no longer hold on to the support levels and cannot create enough volume for the rise. The new variant anxiety in global markets and the concern that inflation would be permanent had been pushing the dollar index up for a while. While Ethereum regresses to $3700 levels, many coins such as SOL, AVAX, ADA, MATIC are traveling to the lowest levels of recent months. In particular, institutional purchases made Bitcoin adopt more mass, but it is observed that huge purchases are not working at this time. While the uneasiness of the investors gradually increased, USDT started to increase due to the great demand. While it went up to the level of 16 TL for a while, the fact that a well-known stable unit played so much drew attention. Currently, Bitcoin stands close to 47 thousand dollars.