According to analysts, the quarter ending today will be the worst period for the leading cryptocurrency since the third quarter of 2011.
The nearly 60% drop in the price of bitcoin was caused by a number of factors, including central bank “hawk” policy, as well as a series of cryptocurrency project collapses. We are talking not only about Terra, but also about Three Arrows Capital, Celsius and others.
Today, June 30, Bitcoin dipped below $20,000 again, after which it hit $18,979. No matter how long holders of the coin wait, it still can’t start growing.
However, many experts believe that this range is where the bottom is, and that the dark period will end soon and there will be a bounce.
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Source: IXBT
