Bitcoin and the crypto markets are currently facing the most brutal crash in months. BTC is currently trading below $ 25,000, the total crypto market cap is struggling to stay above $ 1 trillion. Analysts also warn of further losses. How low can bitcoin fall now?
Bitcoin Expands Losses – Crypto Markets Under Pressure
Bitcoin and altcoins have been under pressure for days, today the markets are increasing their losses: Bitcoin had to lose 9% within the last 24 hours, trading at $ 24,950 as a result. On the other hand, Ethereum is trading at $ 1,291 after falling more than 11%.
$ BTC fo $ 25k
– il Capo Of Crypto (@CryptoCapo_) June 13, 2022
All tires are currently being corrected – and strictly: Binance Coin (BNB), for example, has reversed 9%, currently trading at just $ 232. On the other hand, Ripple’s XRP is trading at $ 0.32 after an 8% drop from yesterday, while Cardano is at $ 0.45 after -13% in the last 24 hours.
Fantom Coin (FTM) sees itself also face significant losses, down 22% from yesterday. Curve DAO token is also currently among the big crypto losers, down 21.83%, as well as Nexo Coin (NEXO) down 27% and Elrond (EGLD) down 14%.
The meme coins are also suffering: Dogecoin (DOGE) is down 32% in the last 7 days, having lost another 14% since yesterday. The result: the course moves around $ 0.056. There is nothing better than Shiba Inu Coin (SHIB), down 11% and trading at $ 0.000007909.
The total cap of the encryption market sits at $ 1.02 trillion. It seems to be down 7.39% over the last 24 hours struggling to keep up.
Bitcoin has fallen to its lowest level since the end of 2020 as a result of the crash: Its market failure is now $ 472,465,912,768. Does this mean that the correction has already been reached? Or will BTC continue to fall?
Bitcoin: Analysts are expecting further losses
Bitcoin has already taken victory – However, analysts still believe that further losses are possible. For example, popular trader Crypto Tony (@CryptoTony__), for example, sees BTC drop as low as $ 22,000, writing to more than 202,000 Twitter followers:
“BTC / $ USD – update
Time is almost here legends. $ 24,000- $ 22,000 “
The time is almost here legends. $ 24,000 – $ 22,000 pic.twitter.com/ivhY0QvWBb
– Crypto Tony (@CryptoTony__) June 13, 2022
Leading trader DonAlt, which is heavily publicized, is also promising further losses. His was assessment bitcoin may be moving into a new trading range between $ 20,000 and $ 25,000.
For reflection here: Even if Bitcoin pulls back again, a fall below $ 20,000 is considered unlikely. Either way, most traders expect only temporary pain.
In other words, many are expecting another long – term increase that will bring digital assets such as Bitcoin and Ethereum to new all – time highs – so buy Bitcoin at these prices.
So if you believe Bitcoin and Co. will continue. spreading out here, the next few days are the perfect time to buy Bitcoin!
Last updated June 13, 2022
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