Why is Bitcoin falling? February level seen…
Bitcoin, which showed recovery signals yesterday, broke the helm down again. The largest cryptocurrency landed as high as $54,200 at night. This level was last seen at the end of February.
The sharp volatility in Bitcoin continues. Bitcoin, which fell up to 53 thousand dollars on weekdays and managed to go above 58 thousand dollars on weekends, fell below 55 thousand dollars again at night. The biggest cryptocurrency also saw $54,200. This level was last reached at the end of February.
Sales pressure continues!
The biggest reasons for the declines in Bitcoin are Mt. It is shown as the start of Gox exchange’s BTC distributions and sales by the German government. While the German government reduced 50 thousand BTC to 39 thousand in approximately 3 weeks, Mt. In Gox, some customers also started to ship coins to their exchange accounts.