148
Bitcoin, whose rate has been constantly falling for five sessions, has accelerated its fall. In May, the ego price reached $30,2 thousand. After reaching the maximum, which occurred in November last year ($69 thousand), the cryptocurrency lost more than half of its value. Analysts are inclined to believe that there are no factors contributing to stopping this fall, so the fall will continue. The price in the near future is called $27 thousand.
The reasons for the fall are the opinion of experts
Experts are ambiguous about the reasons for the fall. So, the executive director of the Hiro company believes that this is simply a price change associated with the speculative nature of bitcoin, and its price falls along with the fall of the general market. And the Bloomberg news agency explains such a decline by the fact that the Federal Reserve System of the States raised rates to fight inflation.
Analysts of the WhaleMap company adhere to the second opinion. They attribute this drop to large inflows of bitcoins to exchanges just in May, and a record for the past 2 years. And an increase in supply always leads to a drop in prices, that's the law of the market.
The exact reason for the collapse of the exchange rate will not be named, because at the beginning of May, no extraordinary events, including political ones, took place in the world
The fall of Bitcoin was the reason for the fall of Etherium, the second largest cryptocurrency in the world. Its price dropped to $2. However, funds and products linked to bitcoin have seen significant inflows
Consequences of the collapse of bitcoin and prospects
The collapse of the world's main cryptocurrency hit investors the hardest, who at the time decided to transfer their savings to bitcoins. Approximately 40% of those who trusted the crypt suffered significant losses. This indicator was determined based on the total number of people who invested their funds in bitcoin. But many managed to get rid of him and withdraw their money. Therefore, the real number of victims may turn out to be much higher, the entrepreneur and businessman believes Dmitry Ladesov.
Analysts pessimistically evaluate the prospects of the further course of bitcoin, not assuming its further growth. According to them, the fall will continue and we can see the value of $27 thousand soon enough.
