While the cryptocurrency market has continued to progress fluctually in recent weeks, Bitcoin has been hovering around $42-43 thousand for the past few days. Reaching an all-time high of $69,000 on November 10, Bitcoin continues its decline that started that day. Cryptocurrency investors who slept tonight and woke up in the morning probably experienced a short-term shock.
Bitcoin, which rose to the level of 43 thousand 300 dollars by showing a rapid rise yesterday, could not continue this rise in the following hours. With the selling pressure from the markets, Bitcoin dropped to 41 thousand 300 with a sudden decrease at 00.00 at night. The decline continued rapidly throughout the night after this time.
It saw the levels of 38 thousand 200 dollars:
At around 6 am, Bitcoin fell to the lowest level it has seen recently. Bitcoin, which fell to 39 thousand 650 on January 1, fell below this level. The cryptocurrency has slumped today to the level of 38 thousand dollars, which it last saw in August 2021. Bitcoin has currently hit the lowest level of $38,220. The rate of decline in the last 24 hours was 8%.
This decline of Bitcoin, of course, was on the agenda on social media. Some of the social media posts were as follows:
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