Why bitcoin drop - Why Bitcoin, Dogecoin, and Shiba Inu Are Down Today

Bitcoin Suffers Biggest Drop in Four Weeks, Nearing $40K

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As they were forced out of their positions by traders.

Strijers went on to say that miners might be the ones creating the selling pressure right now, as they are not waiting for the upcoming halving.

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This has brought the currency to its lowest level this year.

Description: Indeed, Bitcoin took huge strides toward mainstream adoption last year, from increased institutional acceptance to a huge uptick in usage.

Views: 3330 Date: 25.10.2022 Favorited: 113 favorites
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Don't panic sell Holding during difficult times is one of the hardest things for investors to do, especially with an asset like crypto which generates so many polarized views.
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This will cut the supply of new bitcoins that enter the market in half.

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    The People's Republic of China (PRC) has been shutting down Bitcoin mining operations claiming concern over the environmental effects from miners' high energy usage. Yet some of these servers are .
    By: coffeeallthetime|||||||||
    Part of the reason for bitcoin’s weakness seems to be at least a temporary reversal in broader acceptance for cryptocurrency, as well as regulatory concerns and weakness in more speculative areas .
    By: Absolutewaffles|||||||||
    There are a few factors pushing Bitcoin's price down, but they can be summed up in one word: uncertainty. Uncertainty pushes investors out of speculative assets like crypto, causing prices to drop
    By: ANDtac|||||||||
    And you don’t need to look far back in time to find the last big sell-off: Bitcoin fell below $30,000 in July 2021 after China cracked down on the mining of digital currencies. “Anyone that.
    By: edgar__allan__bro|||||||||
    Why Did Bitcoin Drop? Why Did Bitcoin Drop? On the 4th of December, Bitcoin faced a flash crash. And fell to $42,019, a 40% crash following the all-time high of $69,045. It has merely been a month since the all-time high. Bitcoin shares similarities with Ethereum’s movements. Furthermore, there has been speculation of Ethereum taking over.
    By: ByLoKu||||||||| - 2022
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