The Latest Situation in the Market: Bitcoin Touched the 55.000 Dollar, while Ethereum Approached the Critical Support Level!


A leader who has recorded high price movements due to volatility in recent months cryptocurrency Bitcoin, the unit of Bitcoin, lost some value by falling to the price levels of 55.000 dollars along with the downward price movements it recorded.

The Decline in Bitcoin

Bitcoin, which recently reached an all-time high by rising to the price levels of 69.000 dollars, suffered serious value losses after the peak prices it recorded. Bitcoin, first breaking the $63,000 support level and then breaking the $60,000 support level, it declined to critical levels. However, the depreciation of Bitcoin has not been limited to the $60,000 price level either. Bitcoin fell to the 55.800 dollar price levels earlier in the day and remained below the strong 57.000 dollar support level as well. Although it had risen to the price levels of 56.430 dollars at the time of writing, the leading crypto currency Bitcoin has not yet been able to rise above the price levels of 57.000 dollars.

The Latest Situation on Ethereum

It is the second largest crypto asset of the ecosystem in terms of market value Ethereum da, the leading crypto currency Bitcoin has experienced a high rate of depreciation by adapting to downward price movements. Ethereum, along with the depreciation it experienced after the 4.800 dollar peak price levels it recorded, first fell to the 4.200 dollar price levels, and then to the 4.000 dollar price levels.4.074 dollars at a rate of downward price movements recorded with instant ethereu started to be traded on more than one occasion within the past 24 hours as $ 4,000 below the support level in the area remained.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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