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Now BTC is trading at just above $55,000, and the crypto market capitalization is again below $2 trillion, the fear level is 38.
Why does Bitcoin continue to fall in price?
Causes:
1⃣The market clearly shows signs of “capitulation” of miners.
Over the past weeks, the total daily revenue of Bitcoin miners has decreased by 63% 😔
Most BTC mining equipment is operating at a loss at the current price.
2⃣Exchange Mt. Gox officially confirmed the start of payment of compensation and the crowd began to panic sell at the news.
🟨Critic Peter Schiff wrote when BTC drops to $38,000, real sales will begin, because... all investors in Bitcoin ETF will lose money
#BTC #bitcoin #IntroToCopytrading #BinanceTournament #CPIAlert
