Free fall of bitcoin and digital currencies in less than 30 minutes

Free fall of bitcoin and digital currencies in less than 30 minutes
Abstract

Today, Feb.24 , Bitcoin and most of the market's digital currency, experienced a sudden and severe fall in less than 30 minutes, despite analysts' expectations.

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Today, Feb.24 , Bitcoin and most of the market's digital currency, experienced a sudden and severe fall in less than 30 minutes, despite analysts' expectations.

While Digitally Kingdoms bitcoin yesterday with more than 5% growth over the $ 4,000 range and most analysts predicted the upside trend, in just a few minutes, with $ 300 depreciation to the 3,800 level The dollar fell.

Bitcoin and most of the digital currency with a dramatic growth this week raised hopes for investors. By analyzing the value of the entire digital currency market, over a few minutes, more than $ 14 billion of capital has come out of the market, which does not seem natural.

Ethereum, Ripple, EOS and other digital currencies after bitcoin were not safe from this free fall. At the time of writing, Bitcoin, Ethereum and Ripple experienced a drop of 6, 8, and 7 percent respectively.

Among 20 of the first digital currency markets, Lightweight has fallen the most with a 12 percent drop in daily prices.

Positive news over the past few days and events over the next few days, such as the Lightning Netbook boom, Ethereum hard drive, hardware wallet on Samsung's new flagship, the Galaxy S10, has returned to the market these days. Such a collapse once again provoked the unpredictability of the digital currency market.

For now, the underlying reason for this fall is not clear, but some analysts consider bitcoin inability to cross $ 4,200 because of this severe fall. On the other hand, most analysts on Twitter say that such a fall is definitely an unpredictable cause.

 

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