Crypto Currency News

Bitcoin price lives days with bearish sentiment. What will happen before the end of the year?

The rest of the crypto market also started the week with sharp declines.

Bitcoin (BTC) opens a new week to the downside. The leading cryptocurrency fails to stabilize and is down 3% again, to the point of retreating below $ 47K. As of press time, the price of BTC is $ 46,130.

The sentiment of crypto analysts and commentators is increasingly bearish, and expectations of a new jump before the end of the year are already completely nil. BTC will try to defend its current level to close an annual growth that is, at least, 50%. In 2020, the cryptocurrency jumped more than 300%.

In the last hours, BlockFi co-founder and senior vice president of operations, Flori Marquez, had a bullish omen for 2022. The businesswoman assured that the digital assets industry has already expanded to such an extent that many Americans will have “fear of stay out” (FOMO) for the coming year.

See also  El Salvador would have plans to launch its own stablecoin

“We will see more consumers in the United States enter the space for the first time. And I think FOMO will be a great driver, “Marquez slipped during an interview with Yahoo Finance.

“And honestly, crypto and financial technology has hugely attracted people looking to learn something new and expand their careers. So I think we will see more talent moving from other more traditional industries to crypto and financial technology,”he added.

Altcoins

The rest of the crypto market also started the week with sharp declines. Ether (ETH), the leading altcoin, was down 4% and fell below $ 3,700. Binance coin (BNB) and Cardano (ADA) are down 5% and trade at $ 510 and $ 1.21 respectively.

See also  How crypto referents responded to the fall of bitcoin

Litecoin (LTC) is down more than 4% and is trading at $ 147, while Solana (SOL) is down 7% and is at $ 170.

Lastly, meme cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) are down 5% and 7% and are trading at $ 0.16 and $ 0.00002921 respectively.

Tags
Back to top button
Close
Close