Bitcoin $97,393.9While struggling to overcome the $ 100 thousand threshold, faced with harsh sales. In the last hour, the market value of the largest crypto currency that moves between 95 thousand 850 dollars to 97 thousand 729 dollars is at the level of 1,917 trillion dollars. 10x ResearchAccording to the analysis of the crypto currency market is going through a challenging process and the shorter decrease in the short term is on the table.
Why is Bitcoin falling? Basic factors behind the decline
Bitcoin priceThe weakness in the weakness stems from global economic and political developments. 10X Research said that Bitcoin has given signals of weakness from the beginning of February. In particular, the “Diamond Top” formation shows that there may be a harsh correction after the rise.
Bitcoin, 105 thousand 500 dollars about reaching the level of market conditions changed. US President Donald Trump‘s new customs tariff announcement has increased uncertainty. This development shook investor confidence and reduced the risk appetite in the markets. At the same time US central bankThe tight stance of interest in interest policies has also created anxiety in the market. As a result, many investors preferred to get away from risky assets.
One of the biggest reasons for Bitcoin’s inability to recover is the decrease in liquidity in the market. Investors closely follow the interest decisions and political developments of the FED and other central banks, while it is cautious for new purchases. This makes it difficult for Bitcoin to cross the $ 100,000 threshold and increases the possibility of further fall.
Why did Ethereum and other Altcoins crash?
The largest subcoin Ethereum 
$2,742.7The harsh fall in the crypto money market revealed the fragile structure. The harsh price movements in recent days have caused Ethereum investors to close their positions in the option markets. Gamma Hedging and liquidations in the futures have led to harsh price fluctuations in Ethereum’s price.
Especially Bitcoin’s market domination increased altcoin Increases the concerns of investors. The total value of the Altcoin market decreased from 1.46 trillion dollars to $ 1 trillion at the end of January. The depreciation of approximately $ 460 billion negatively affected many Altcoin projects.
On the other hand, the Trump administration’s new regulation plans for Stablecoins shook the investor trust. Bitcoin reserve plans are not at the forefront of Trump’s first 100 -day strategy. All these developments cause investors to move more cautiously and increase sales pressure throughout the market.
While Bitcoin’s technical indicators continue to weaken, analysts warn that there may be a shorter decrease in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
