© REUTERS
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Bitcoin’s value fell back below $50,000 on Tuesday. That, according to some analysts, is an important price point for assessing the prospects of the world’s largest crypto currency for 2022.
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evdgSource: BELGIAN
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The price of the bitcoin fell during the Asian trading session by about 4 percent to 49,255 dollars (43,490 euros). Ether, the world’s second-largest cryptocurrency, also lost ground and was worth less than $4,000.
Data from CoinGecko, which tracks the digital coin market, shows that the total value of all cryptos has fallen 2.7 percent in the past 24 hours to $2.45 trillion, or $2,160 billion.
According to vice president Vijay Ayyar of crypto exchange Luno in Singapore, the fall in bitcoin price is “not alarming” at the moment. According to him, the outlook for the cryptocurrency will remain positive as long as the price level of $ 48,000 to $ 49,000 remains.
Bitcoin touched a record level of approximately $69,000 in November, but after the discovery of the omikron variant, the value fell sharply. The fear that the phasing out of support measures by the central banks could cause problems for risky investments such as digital currencies also caused price pressure. Possible tighter US tax regulations for cryptos and China’s crackdown on the crypto sector also put pressure on crypto prices.
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