Alexander Kuptsikevich noted that now the price dynamics of Bitcoin are characterized by a sequence of lower lows and highs. Additional pressure on the value of the asset comes from fears of possible tightening of regulation of the crypto market. According to the expert, investors are now waiting to see what the market situation will be in the near future.

“The pressure on the Bitcoin rate is due to the sale of assets by miners. There is a possibility of panic selling if the coin price drops below $60,000,” Kuptsikiewicz said.

Earlier, the Wublockchain team of experts reported that in April the crypto market showed a significant decrease in investor interest in trading digital assets on the spot market and the crypto derivatives market.