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Saturday, July 24, 2021

BTC Price Prediction: Bitcoin depreciates by 14%, fixing below $ 50 thousand.

Bitcoin price continues to fall for the second day in a row after a record rally. On Tuesday afternoon, the most popular cryptocurrency depreciates by 14%, fixing below $ 50,000, according to trading data.

On the Binance exchange, the largest cryptocurrency exchange in terms of trading volume, the bitcoin price as of 12:26 Moscow time fell by 14% – to 47.86 thousand dollars.

According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, bitcoin is now depreciating by 15.5% – to 47.63 thousand dollars. The dynamics are given everywhere in a day.

On Sunday, the cost of bitcoin broke another historical record of 58 thousand dollars, after which it fell sharply on Monday, going below the psychological mark of 50 thousand dollars.

Before that, the value of bitcoin has been growing for four weeks in a row, starting at the end of January. During this time, bitcoin has risen in price 1.7 times – up to 56 thousand from almost 32 thousand dollars a month ago. In general, in February the growth is still about 45%.

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