$ 200 billion was removed from bitcoin and cryptocurrencies: What do analysts say?

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The sales wave, which is predicted to come after the rapid rise in bitcoin and crypto currencies, has made itself felt sharply since yesterday evening.

The total market value, which was over $ 1 trillion 115 billion yesterday, has pulled up to $ 920 billion today. This means a decrease of 195 billion dollars in a short time.

Şant Manukyan, Business Markets International Investment Director on the subject, said in a comment he made today: “It would not be surprising that it is gradually pulled to 31 thousand dollars. Many news can be put forward as a trigger here. Especially the news that HSBC does not accept money from crypto money exchanges. You know, FSA banned derivatives in England on January 6th. Apart from that, we were all waiting for a technical sale to be brought by the sharp rise. Now this seems to have started. ” said.

Speaking to CNBC, cryptocurrency financial services company Babel Finance’s investment and ‘trading’ general manager Simons Chen said, “The correction we saw was actually expected as we believed that the Bitcoin price increased from $ 20,000 to $ 40,000 in the last four weeks would create sales pressure. The $ 40,000 level would be a good level to take profits. ” said.

Jehan Chu, founder of cryptocurrency venture capital and trading firm Kenetic Capital, also said the withdrawal could be a good entry point for the acquisition. “This short-term correction is both natural and necessary and at the same time a great entry point for long-term investors.” He spoke in the form.

On the other hand, Viyaj Ayyar, business development manager of Luno, a Singapore-based crypto currency exchange, told Bloomberg that Bitcoin has recovered quickly from the recent declines and can do it again, potentially up to $ 44,000 before a real correction. stressed that it could come out.

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