According to some analysts, bitcoin could collapse catastrophically at any moment if the main cryptocurrency loses support in the $30,000 region.
Bitcoin reportedly soared above $30,000 amid positive news about company applications for spot exchange-traded funds (ETFs), as well as a positive outcome of the court case against Ripple. However, the effect of this news has almost evaporated and there is nothing to move the rate further.
After the enthusiasm of investors will decrease, the rate will weaken. Analysts compare the possible collapse of bitcoin with the effect of a nuclear bomb, the fall could be about 30%.
In this scenario, the rate will fall to about $20,000.
2023-07-16 08:45:43
#collapse #bitcoin #compared #effect #nuclear #bomb #Cryptocurrency #NFT #finance #iXBT #Live
