Crypto currency investors are going through a process that bleaches their hair in the last few days. All crypto beings, especially Bitcoin (BTC), fall in the brake truck. Well, what’s happening in crypto money markets?
BTC, which wandered at the level of 97 thousand dollars up to a week ago, fell to 82 thousand dollars in the past hours. With this decline, one week loss saw 13 percent levels. Assets, such as the usual Ethereum (ETH), Ripple (XRP), Solana (left) and Dogecoin (Doge) were also influenced by this decrease. In fact, the loss in ETH, which has not performed for a long time for a long time, caused other Altcoins to lose more.
Note: Bitcoin rose to 86 thousand dollars again while we released this news.
The latest situation in the markets is as follows
Compared to CoinMarketcap data, BTC sees a process for $ 84 thousand 677 with its prestige. ETH sees $ 2,304 and XRP sees $ 2.17, while the left has declined to $ 137.13. In the midst of the 10 largest crypto assets on a volumetric basis, the most involved asset in 1 week is left with 20.87 percent price loss.
Let’s come to the reasons for the fall
To be frank, the market is exposed to one of the biggest manipulations of the last periods. Hacking of stock exchanges and US President Donald Trump’s statements are the main reason why the markets come to this point. On the other hand; Leveraged processes are also in the midst of the valuable causes of the decline. Because every day there are liquidity that reaches billion dollars on the leveraged processes. Let’s see this terrible process, when will it end …