The US Stock Market, Major Contribution To Bitcoin Price Crunch! How Low Will BTC Price Go? - BitcoinEthereumNews.com
Bitcoinयूएस स्टॉक मार्केट, बिटकॉइन प्राइस क्रंच में प्रमुख योगदान! बीटीसी की कीमत कितनी कम होगी?04 / 18 / 2022बिटकॉइन एथेरियम समाचार Today, the Crypto space woke up to a bloodbath Cryptocurrencies as the firstborn cryptocurrency, Bitcoin is still continuing to lead other altcoins towards a sell-off zone due to a liquidity break following the United States equity market closing on Good Friday. At the time of reporting, the flagship currency is changing hands at $39,334 with a fall of 2.67% over the last 24hrs. Bitcoin Below Support Level The king currency that is leading the cryptocurrency space by market cap dropped to $38,577 in the early hours today and this level was last seen on March 15. IntoTheBlock, an analytics firms analyst, claims that the $40,000 range was very much important as it was a crucial support zone, and in the past, this level has been poised for significant buying activity. This latest decline accounts for a loss of over 17% since the Bitcoin tested above $48,000 a few weeks ago. This fragile performance by Bitcoin is the result of tax-related selling and the gloomy macro environment. Jeff Andreson, CIO at the quantitative trading firm and liquidity provider Folkvang and Trading, claimed through Telegram that “Tax-related selling