Bitcoin 3-day Chart Indicates March 2020 Crash Recurrence

NewsBTC tomonidan - 1 yil oldin - O'qish vaqti: 2 daqiqa
Seshanba, 14 yil 2022-iyun, soat 2:00

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.

  Tegishli o'qish | Bitcoin Uzoq muddatli egalar 2020 yil mart oyida BTC qulashi kabi yo'qotishlarni sezadilar

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.

Bundan tashqari, u inflyatsiya ortib borayotgan global moliyaviy noaniqlikni aks ettiradi, chunki investorlar kriptovalyutalar kabi "xavfli aktivlarni" sotishga intiladi.

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.

9,000 4,000 dollardan yuqori haftani ochgandan so'ng, kriptovalyuta 13 yil 2020 martda to'satdan 5,400 XNUMX dollardan pastga tushdi. Biroq, AQSh bozorlari oxirida u XNUMX XNUMX dollarga qaytdi.

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

2020 yil mart oyidagi halokat uchun BitBull Capital bosh direktori Jo DiPasquale koronavirusning global pandemiyasi investorlarni himoya qilish shakli sifatida pullarini naqd pulga o'tkazishga sabab bo'lganini aytdi.

U buni qo'shimcha qildi 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 va boshqa aktivlar sinflari.

One factor contributing to 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 bozor.

 Related Reading | Rich Dad, Poor Dad Author Changes His Mind About Bitcoin? BTC Crashes To $23K

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:

Ekstremal bozor sharoitlari tufayli bugun biz Celsius barcha pul yechib olish, almashtirish va hisoblar o‘rtasida o‘tkazmalarni to‘xtatib qo‘yganini e’lon qilamiz. Biz bugun Selsiyni vaqt o'tishi bilan o'z majburiyatlarini bajarish uchun yaxshiroq holatga keltirish uchun ushbu harakatni qilyapmiz.

Asl manba: newsbtc