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Bitcoin experienced the biggest decline in the last 1 month: "There is no factor to push the price up"
Bitcoin, which has been circulating between $25,000 and $32,000 for months, fell below $27,000 again with the Israeli-Palestinian events. While investors are questioning whether there will be a sharp decline, they state that there is no factor that will push the price higher for the time being.
Bitcoin fell hard once again last night and fell below $27,000. The largest cryptocurrency hit $26,500, while the 3.2% drop represented the biggest decline in a month.
Bitcoin, which fell for the 5th day in a row, could not maintain the level of 27 thousand dollars, while the decline in altcoins has now started to be more limited. It was even seen that some altcoins rose in BTC parity.
"It's like the Russia-Ukraine war"
Speaking to Bloomberg, the founder of Dexterity Capital, Michael Safai, attributed the decline to the events in the Middle East and said:
"When the war between Russia and Ukraine began, we saw a similar movement in prices. When there are more questions than answers, markets pull back. What is happening now is macro-level events, so there was no reaction to make a reverse move. In addition, there does not seem to be a factor that will push the price up at the moment."
#ContentStar#