The general reasons for the fall of BTC
Bitcoin's fall is a result, not a cause. We can say that risk factor, interest rates and high inflation are the leading causes of BTC drop.
source
After the Luna and UST crisis, the loss of confidence in cryptocurrencies and the constant downward trend of BTC with the EU Central bank rhetoric makes the investor uneasy.
Do you think the worst days are over?
0
0
0.000
the price might go down again. Luna and ust have really brought down the confidence in crypto.
Very true !PIMP
You must be killin' it out here!
@andy-vibes just slapped you with 5.000 PIMP, @alt-runner.
You earned 5.000 PIMP for the strong hand.
They're getting a workout and slapped 2/3 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Congratulations @napolyon! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 20 posts.
Your next target is to reach 300 upvotes.
Your next target is to reach 500 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Support the HiveBuzz project. Vote for our proposal!
As far as I remember, bitcoin started falling before the LUNA coin collapsed, and these two points can be connected with a big stretch.
Posted Using LeoFinance Beta
Crypto is PIMPED but always a very risky investment !PIMP
You must be killin' it out here!
@andy-vibes just slapped you with 1.000 PIMP, @napolyon.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/3 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Bears have to break first that 61.8% Fibo retracement at 28,189. The support line is still strong. However, in case such a breakdown will happen, many will be waiting at 17,145, BTC's 78.6% Fibo retracement.