Bitcoin Tested Below $ 44,000
The leading crypto currency Bitcoin, which has been on the agenda with recent declines, tested below $ 44,000.
Bitcoin (BTC), which experienced a sharp decline during the week, carried this decline to the weekend. The leading crypto Bitcoin, which saw under $ 44,000 in the morning hours on Sunday, fell 6 percent as a result of a 3-day drop.
After the rally sparked by
Elon Musk, the founder of the electric vehicle manufacturer, Tesla, the cryptocurrency, which fell as a result of Musk's comments, tested another critical level. Bitcoin (BTC), which lost about 20 percent in the week, lost 6 percent in 3 days.
With the price of Bitcoin, the leading unit of the cryptocurrency world, falling, the public offering began to be discussed in crypto exchanges. While Coinbase, one of the leading cryptocurrency exchanges, applied for an IPO, there were also controversial developments.
Satoshi Nakamoto Is A Risk Factor
While the statements of Tesla's founder Elon Musk for the cryptocurrency market were described as a risk, the crypto exchange Coinbase, which applied for the public offering, described Satoshi Nakamoto, the mysterious creator of Bitcoin, as a risk factor.
It was stated that if the mysterious creator appears in the application documents published for the public offering, Bitcoin prices may decrease. In addition, the documents listed the possibility of Nakamoto's disposal of his Bitcoin portfolio, which is estimated to be over 1 million.
While it was warned that
Nakamoto's issuing of Bitcoins in his possession could destabilize the market, it was calculated that Nakamoto's Bitcoins made up 5 percent of the market.