Bitcoin fell below $ 50,000, which some analysts say is crucial for a decision in 2022.
The world’s largest cryptocurrency fell 4.5% in Asian exchanges on Tuesday, trading around US $ 49,100 at 1:10 p.m. Singapore time. Ether, the second largest cryptocurrency, and Bloomberg’s Galaxy Cryptocurrency Index also fell.
Investors have recently moved away from some of the world’s markets over most fears that a slowdown in bank funding could cause problems. And the risk that Bitcoin markets and large cryptocurrencies will face as a result is also the subject of much debate among investors.
“For now, there is nothing to fear,” said Vijay Ayyar, vice president of business development and globalization at the Luno cryptocurrency exchange. He added that expectations for Bitcoin remain high if Bitcoin is still between $ 48,000 and $ 49,000.