Bad news for all the crypto investors as it is not expected to pick up the pace and rise again. As some analysts have predicted a shift in the crypto market and a huge disaster in it. In the last 12 hours, Bitcoin has come down by 7.5%, This has been the biggest low in the last six months from $43,328 to $38,258 from Thursday to Friday only. The reports of Cointelegraph state, during the writing time, the trading price of Bitcoin was recorded at $38,761.
The crash in price has wiped almost $50 billion in the whole crypto market. The capitalization in the whole crypto market has seen a slow decline from November 2021 when the market got to its peak at the accumulated capitalization of $3 trillion.
The investors have been contemplating the reason for this sudden huge dump and looking for ways that can reason with this downfall of the crypto market. According to some research, the blame goes to the micro indicators. With the entrance of Nasdaq into the “correction territory” apart from the different interest rates, the market can experience a sudden hike in 2022. However, these are only speculations based on the current research, nothing is guaranteed.
The news further states the mysterious ways Bitcoin moves in. Something like Raoul Pal has sold all his Bitcoins and kept one only.
Similarly, the Twitter Account of Rekt Capital further noticed that the recent pattern also plays out “similarities with the behavior of the price of the late September 2021”. During this time, there was different turbulence in the prices of Bitcoin fluctuating from $52,000 to $41,300 during September to October. Later in November, it rose to $69,000.
On the other hand, the Twitter Account of InvesetAnswers having about 85,000 followers recommends that “need Bitcoin under $41,000 to pocket $132 million in gains.”
#BTC up 4%, down 9% all in 12 hours. Welcome to #OptionsExpiry – bears are in control. They need #Bitcoin under $41,000 to pocket $132 million in gains. Seatbelts please💺 or this🚽! Welcome to Friday Expiry. pic.twitter.com/6ybAxjM5sA
— InvestAnswers (@invest_answers) January 21, 2022
BTC is not the only bitcoin facing a sudden fall in the crypto market on Friday. SOL(Solana) , ETH (Ether), ADA (Cardona), XRP , BNB (Binance Coin) every coin has experienced some changes in their rates in the last 12 hours.
ADA has been the unluckiest of all the 10 coins as it has experienced the biggest loss of all as it came down to $1.21 from 10%. Even the buggy launch of Sundaeswap of Friday did not appear in these matters.
Further the contributor of Forbest Billy Bambrough also suggested that the recent news from USA Federal Reserve has rattled investors that it would completely shrink its balance sheet along with the interest rates.
