Bitcoin price will not be long for $ 9,000. On March 20, the price of Bitcoin (BTC) fell by about 70 percent from the December high of 20,000, The price of Bitcoin (BTC) broke the $ 9,000 level today after a hard start.
Bitcoin price fluctuated due to SEC regulations
Following the high level in December, the BTC price moved down accordingly. On January 17, BTC's price fell to $ 9,724, pushing the bottom of $ 20,000. The February BTC price has fallen below $ 9,000 for the first time since November 2017.
Until February, the price fell by only $ 5,922 with analysts claiming that the price could be further reduced. At the end of February and early March, the BTC price fluctuated around $ 9,000 as a result of news reports from the US Securities and Exchange Commission (SEC) on new stock market regulations.
Many traders and investors reassured bitcoin prices by returning to prices above $ 9,000
The return of BTC prices to prices above $ 9,000 will provide the confidence many traders and traders need to increase their BTC value.
Analysts believe that the results are long-lived and that a stronger boost is needed to break the bar. It is thought that the BTC price will come close to the nearest level above $ 9,000.
G20 crypto money has given up on seeing it as the risk for the world economy
A draft of the G20 crypto document, reported on March 20, says the G20 has given up on crypto money as a risk for the world economy. The G20 is adopting a more moderate approach to cryptographic currency classification, saying it sees the crypt as an asset instead of a currency. After this news, the BTC price increased by around $ 1,000. Some see it as a possible reason to pass the $ 9,000 psychological threshold.