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Thursday

13 May 2021

Analysts Weigh in On What Made Bitcoin Fall | Live Bitcoin News

Analysts Weigh in On What Made Bitcoin Fall | Live Bitcoin News


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With the recent bitcoin crash, analysts are wondering what the heck could have happened to make the world’s number one digital currency fall by roughly $15,000 from its all-time high two weeks ago.

Janis Legler – chief product officer and head of research at Mode – explained that bitcoin derivatives and added borrowing could have led to the price swings.

Several experts think that the digital currency could experience further price drops before it is able to find solace in stronger positions.

One good thing is that the drops could inspire further bitcoin buys, as the lesser prices will potentially cause existing traders to get greedy and look to increase their current stashes

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