Bitcoin 3-day Chart Indicates March 2020 Crash Recurrence

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Bitcoin 3-day Chart Indicates March 2020 Crash Recurrence

According to Tradingview, the world’s most popular cryptocurrency, Bitcoin, hit a new low of $20,828 at the start of the week. Because of this new pricing, BTC lost 16.54% of its value in less than a day- almost $5,000 in value.

Although being the largest and most famous cryptocurrency, Bitcoin is notorious for its huge climbs and equally dramatic declines. For example, BTC skyrocketed to an all-time high of over $69,000 in November 2021, then plummeted to just under $30,000 by the start of 2022.

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Bitcoin’s value peaked above $30,000 on June 1, 2022, but dropped below that the next day. It is currently trading below $22,000. This decrease is linked to TerraUSD, a stablecoin, breaking its $1 peg and Luna subsequently falling.

ນອກຈາກນັ້ນ, ມັນສະທ້ອນໃຫ້ເຫັນເຖິງຄວາມບໍ່ແນ່ນອນດ້ານການເງິນທົ່ວໂລກທີ່ຂັບເຄື່ອນໂດຍການເພີ່ມຂຶ້ນຂອງອັດຕາເງິນເຟີ້ຍ້ອນວ່ານັກລົງທຶນຊອກຫາການຂາຍ "ຊັບສິນທີ່ມີຄວາມສ່ຽງ" ເຊັ່ນ cryptocurrencies.

ໄດ້ Bitcoin 3-Day Chart Indicates March 2020 Crash

The 3-Day Bitcoin chart Indicates a recurrence of the March 2020 Crash, based on the present state of the BTC market. Bitcoin’s popularity as a safe-haven asset began to wane in March 2020. It had lost half of its value in only two days.

ຫຼັງຈາກເປີດອາທິດຂ້າງເທິງ 9,000 ໂດລາ, ສະກຸນເງິນດິຈິຕອນກະທັນຫັນຫຼຸດລົງຕໍ່າກວ່າ 4,000 ໂດລາໃນວັນທີ 13 ມີນາ 2020. ຢ່າງໃດກໍຕາມ, ໃນຕອນທ້າຍຂອງຕະຫຼາດສະຫະລັດ, ມັນໄດ້ກັບຄືນມາຢູ່ທີ່ປະມານ 5,400 ໂດລາ.

Bitcoin is currently trading below $22,000 on the daily chart | Source: BTC/USD chart from TradingView.com

ສໍາລັບອຸປະຕິເຫດໃນເດືອນມີນາ 2020, Joe DiPasquale, CEO ຂອງ BitBull Capital, ກ່າວວ່າການແຜ່ລະບາດຂອງໂລກລະບາດຂອງໂຣກ coronavirus ເຮັດໃຫ້ນັກລົງທຶນຍ້າຍເງິນຂອງພວກເຂົາເປັນເງິນສົດເປັນຮູບແບບການປົກປ້ອງ.

ທ່ານກ່າວຕື່ມວ່າ Bitcoin’s potential as a safe-haven asset is being questioned due to this steep decrease. But feels it is too early to look for any links between Bitcoin ແລະຫ້ອງຮຽນຊັບສິນອື່ນໆ.

Reason Behind Bitcoin Plunging To New Lows

ປັດໄຈຫນຶ່ງທີ່ປະກອບສ່ວນເຂົ້າໃນ bitcoin’s new lows is the halting of all withdrawals, transfers, and swaps between accounts by Celsius.

Celsius, a DeFi platform and one of the largest crypto lenders has been a significant cause of mistrust in the Bitcoin ຕະຫຼາດ.

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The network announced they had paused withdrawals, swaps, and transfers between clients via Celsius. This announcement was made in the early hours of June 13, following Bitcoin’s slide below $24,000 and the whole crypto market losing about $250 billion in only seven days.

As the company’s announcement stated:

ເນື່ອງຈາກສະພາບຕະຫຼາດທີ່ຮຸນແຮງ, ມື້ນີ້ພວກເຮົາກໍາລັງປະກາດວ່າ Celsius ກໍາລັງຢຸດການຖອນເງິນທັງຫມົດ, Swap, ແລະການໂອນລະຫວ່າງບັນຊີ. ພວກເຮົາກໍາລັງປະຕິບັດການນີ້ໃນມື້ນີ້ເພື່ອເຮັດໃຫ້ Celsius ຢູ່ໃນຕໍາແຫນ່ງທີ່ດີກວ່າເພື່ອໃຫ້ກຽດ, ເມື່ອເວລາຜ່ານໄປ, ພັນທະການຖອນຕົວຂອງມັນ.

ຮູບພາບທີ່ໂດດເດັ່ນຈາກ Flickr ແລະຕາຕະລາງຈາກ TradingView.com

 

ແຫຼ່ງຕົ້ນສະບັບ: ຂ່າວ BTC