Price Of Bitcoin Continues To Decline

Price of Bitcoin continues to decline rapidly. Bitcoin, which fell 12 percent weekly, dropped to the level of 40 thousand dollars.

Bitcoin, which gave hope to its investors by going up to 47 thousand dollars last week, once again experienced a great decline and fell to 40 thousand dollars. While Bitcoin has decreased by 5% in the last 24 hours to $ 40 thousand 501, Ethereum decreased by 7.5 percent to $ 3,000. The drop in Bitcoin has also deeply affected other cryptocurrencies. Most cryptocurrencies are down 5-10 percent compared to yesterday. Weekly declines in SOL, AVAX, SAND, DOT, ADA, LUNA and MANA were above 20 percent. Investors turned their eyes to US inflation. US inflation will be announced tomorrow. The Consumer Price Index (CPI) is expected to rise to 8.5 percent on an annual basis. As the increase in inflation grew, there was an expectation that the FED could raise interest rates higher than last month. Bitcoin price will be shaped according to the inflation statement tomorrow and the FED's interest rate decision.