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Nearly 30% decline within the year! Just dropped below $34000, why did Bitcoin plummet again?
Bitcoin has plummeted again! As of 18:10 on January 24th, the price of Bitcoin has dropped below $34000 per coin, marking the first time since July last year. The past week has seen a drop of over 20%, and this year it has fallen by nearly 30%, almost halving from the historical high of $68928.9 in November 2021.Analysts point out that since the beginning of this year, the higher intensity of regulation by global regulatory agencies on cryptocurrency assets, including Bitcoin, as well as the strengthening expectations of the Federal Reserve's tightening monetary policy, and the widespread selling of US technology stocks, have been the main reasons for Bitcoin's sharp decline.Falling below $34000Coindesk
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Bitcoin climbed to over $30000, but still more than 50% below its historical high
On April 11th, the financial industry reported that Bitcoin has climbed to over $30000 for the first time since June 2022, with an annual cumulative increase of over 80%. This rebound is even stronger than the nearly 20% increase in the Nasdaq 100 index (where Bitcoin often rises in sync with the index)
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The possibility of Bitcoin (BTC) falling below $10000 in the current cryptocurrency winter
The cryptocurrency market is currently in a bad state as there are more and more problems and there seems to be no signs of easing.The price of Bitcoin has fallen by 75% since its previous historical high, but it may still fall further
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Bitcoin has fallen below $27000, encryption agencies are accelerating their flight, while US regulators are busy engaged in 'infighting'?
Reported by Zhao Yi, Hu Jinhua, a reporter from China Times (www.chinatimes
