Bitcoin’s ten percent fall after registering a new ceiling

reported by Mehr Reporter Last week, Bitcoin went through turbulent days. This currency started trading at the beginning of last week at the price of 101 thousand 712 dollars and continued to rise by 6 thousand 652 dollars at the beginning of the week to 108364 and after registering this new ceiling suffered a sharp drop of 16 thousand 246 dollars. became USD and dropped to the bottom of 92 thousand 118 dollars.

While the ups and downs of this code continued to increase by 6,435 dollars at the end of the week, it reached the price of 98,551 dollars.

These extreme fluctuations proved once again that the Bitcoin market is influenced by several factors such as supply and demand changes, important news and decisions of large investors. For investors, such a market requires a cautious approach and in-depth analysis to take advantage of the opportunities and avoid the existing risks because last week’s trades mostly reflect the recognition of the profits of older investors who bought this cryptocurrency at much lower prices and for investment. New should be decided with more reflection.