Cryptocurrency market on June 22: Bitcoin price drops sharply
The downward trend of Bitcoin
On June 22, the cryptocurrency market showed many notable fluctuations. According to sources from the OKX market, the price of Bitcoin (BTC) has just dropped below the 102,000 USD mark, ending the trading session at 101,957.50 USD/unit. This is a decrease of 1.55% compared to the previous day. This move reflects the instability in investor sentiment amidst the complex developments of macro factors and global markets. In this context, analysts predict that there may be even stronger corrections in the short term.
Impact of the downward trend on other cryptocurrencies
Not only Bitcoin is affected, but major altcoins like Ethereum and Binance Coin also recorded similar declines. These declines raise concerns about the cryptocurrency market entering a deeper correction phase. Long-term investors need to be cautious and consider appropriate resource allocation strategies to avoid significant losses when the market fluctuates suddenly. At this time, the shift of cash flow to safe assets like stablecoins or currencies not subject to central bank orders is becoming more popular than ever.
Main factors affecting the market
The price of Bitcoin and other cryptocurrencies is influenced by macro factors such as the tightening policies of the Central Bank, the rising global inflation situation, as well as signals from the stock market. At the same time, new legal and regulatory events in many countries continue to create significant volatility, putting negative psychological pressure on investors. As a result, the downward trend remains sustained and could even expand in the upcoming trading sessions.
Predicted scenario for the market in the near future
In the current context, experts predict that the cryptocurrency market will continue to experience significant corrections. Bitcoin may test important support levels such as 100,000 USD or lower. Investors need to closely monitor market power signals, combining technical and fundamental analysis to determine the appropriate entry points, minimizing risks during this unstable period.
This content helps you quickly update the price movements of Bitcoin on June 22, along with appropriate strategic predictions for the volatile cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-tut-duoi-102k-usd-lo-so-giam-manh/
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