Along with the corona virus outbreak and the interest of institutional investment companies in the rise of Bitcoin prices, the automatic decline in production begins with the halving of supply and the gradual onset of famine. The demand is the same but the amount is decreasing. There are important factors in the rise of Bitcoin
It was exciting that the positive news in the cryptocurrency markets last week and institutional investors started new initiatives regarding Bitcoin and other cryptocurrencies and bitcoin exceeded the $ 61,000 level last weekend, but for some reason Bitcoin couldn't hold the $ 60,000 level and $ 56,517.50 fell to the level.
Factors behind the rise of bitcoin
PANDEMIA AND US ELECTIONS Uncertainties in the US election
CORPORATE INVESTOR IMPACT
New big players such as PayPal Gibi finans kurumları
JP Morgan, Citibank and Deutsche Bank
Western financial institutions
Factors in the Bitcoin decline
Whales increase the pressure
Unexpected growth from China
Puell Multi indicator, news that miners start selling bitcoin in bulk to make a profit
194,541 merchants cashing approximately $ 1.83 billion
Large deposits and stablecoin entries
As a result, olumsuz gelişmeler içinde
world and the effect of whales turned their Bitcoins, which we call large whales, into money. China fought Bitcoin, Bitcoin fell below the $ 60,000 level due to this negative news, but Bitcoin will make another adjustment and see the $ 70,000 level.