Bitcoin Continue Bleeding - Economist

Bitcoin fell by more than 9% during the past 24 hours, to trade at a price below $ 50 thousand for the first time in 6 weeks, and its price reached $ 49,325.

The decline of Bitcoin has led to the collapse of the cryptocurrency market during the past 24 hours terribly, and it is due to you to the fear that occurred after US President "Biden" announced that he would impose taxes on businessmen and investors in the money market in order to help Americans who suffer as a result of Covid - 19.

Many cryptocurrency analysts believe that Bitcoin is calming down a bit, rising madly from $ 10,000 to $ 60,000 without any downturn, and this correction is healthy.

Other traders and analysts have also hinted at the fact that the bitcoin price drop is likely to be temporary as the overwhelming appetite from institutional and individual investors for these digital assets demonstrates their continued acceptance.