Cryptocurrency market on June 22: Bitcoin falls below 101,000 USD
Bitcoin price fluctuations during the trading session
On June 22, the cryptocurrency market witnessed a significant decline in Bitcoin (BTC). According to data from major exchanges, BTC dropped to 100,998.20 USD per coin, marking a decrease of 2.48% compared to the previous day. This is the lowest level in recent days, reflecting the pessimistic sentiment of investors. These fluctuations are largely influenced by macroeconomic factors and cash-out sell-off pressures in the market.
Updated trend analysis of Bitcoin
The loss of the 101,000 USD mark signals a short-term correction trend but also creates opportunities for short-term investors to accumulate cryptocurrencies. Currently, technical analysis indicates that Bitcoin may continue to face pressure from nearby support levels. This correction could open up the possibility of testing lower price ranges, especially as the global market is still under pressure from high inflation and the tightening monetary policies of major central banks.
Impact on the investor community and Market predictions
The decline in Bitcoin has heightened concerns within the cryptocurrency investor community about the possibility of further market drops. However, experts predict that this could be a testing phase for the major cryptocurrencies amidst market volatility. Analysts also emphasize the importance of risk management and monitoring international developments to make appropriate decisions. The market still has the potential to recover after this correction phase.
Source: https://tintucbitcoin.com/bitcoin-giam-xuong-duoi-101-trieu-dong/
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