BITCOIN KEEPS CRASHING FOLLOWING MARKET TENDENCIES!
Being the biggest token in value on the market, Bitcoin has once again droped an extra 9% to US$18.7k, a new record being it’s 12th consecutive day on red according to Bloomberg’s data. Ethereum also dropped for an extra 11%, the lowest since January of 2021.
The current stress that the crypto market is facing, comes from a mix of bad news and higher taxes contributed to the decrease of 70% since it’s all time high in the giant of tokens.
The scenario is not looking good for the future. After Celsius Network decision on suspending withdrawls and the colapse of the Terra blockchain last month.
According to Glassnode, one of the biggest data providers on blockchain inteligency, even the long-time holders that avoided selling are now feeling under pressure.
The total value of the cryptocurrency market was registered around US$ 880 billions in this saturday morning, way bellow from the US$ 3 trillions from november according to CoinGecko.
