🔥Bitcoin price plummets more than $ 40,000 in just 6 weeks 😭
The price of #bitcoin extended its recent decline on Friday, reaching a low not seen since early
April, below $ 81,000. This is the fourth week that the price of Bitcoin has been decreasing, as investors reassess their risk tolerance amid widespread volatility in financial markets.
Not only Bitcoin was affected by the recent drop of #mercado , but also other #Criptomonedas with higher market capitalization like ETH, SOL, XRP, among others. The exchange-traded funds (#etf ) of cryptocurrencies also did not escape and experienced continuous capital outflows.
The employment report on Thursday did not clarify the future trajectory of interest rates. Additionally, there are still conflicts regarding the release of important past data that were affected during the government shutdown. Now there is a 73% probability that rates will be lowered in December.
Do you think Bitcoin has already hit bottom?
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