Bitcoin Is On Decline

Bitcoin, the largest cryptocurrency, started to lose value on January 21. The leading crypto Bitcoin is on decline and investors are not happy.

Bitcoin, which has been trying to accumulate on the 40 thousand dollar band for a long time and gather strength upwards, started to lose value after the meeting of Presidents Nayib Bukele and Recep Tayyip Erdogan. After the claims that Turkey will keep Bitcoin in the treasury, Bitcoin, which crossed the 43 thousand dollar limit, experienced a sharp decline amid false news. Bitcoin, which rose to the level of $ 43,500 with the expectations of the meeting yesterday and gave the green light, unfortunately started to fall when the expected result from the meeting did not occur. Ethereum, which is expected to start the altcoin rally, unfortunately fell to the $2750 limit before it could start its own rally. It's currently hovering around $2750. There was a decrease of around 10-15 percent in the cryptocurrency market. FED meeting in the coming days is another issue that makes investors uneasy. Things got mixed up when the FED hinted that the rate hike might be delayed a bit. In this respect, the next week will be more volatile for Bitcoin.