The prices of cryptocurrencies have experienced a remarkable decrease in the last 24 hours, because the value of Bitcoin has decreased at its lowest levels since November, in light of a wave of negative factors that affected the market.
According to the German news agency (DPA), the concessionaires on the encrypted money monetary markets have become more reluctant to the risks, in particular with the absence of concrete measures to implement the commitment of the American president Donald Trump to form a strategic reserve American Bitcoin.
In addition, the recent cryptocurrency scandals, which understood Trump and Libera, destroyed the confidence of investors, while the enormous security penetration that Bordet Exchange was exposed to the exacerbated crisis. In the light of these developments, cryptocurrencies have lost more of their value, uncertainty in the markets continuing.
Fluctuations were not limited to the digital market, but also increased economic pressures, the remarkable decrease in the service managers index in the United States, which prompted investors to seek safe paradise, which was reflected in the power of the Japanese yen.
Caution has also prevailed in the markets before announcing the results of the corporate company, Invidia, which is one of the important indicators for the performance of the technological sector, as well as recent economic data, including reports ‘Inflation in the United States.
According to the weekly assessment report of Queen Cherrs, the week, ending the week on February 21, saw net external flows of $ 508 million in digital asset investments, compared to $ 415 million per week Previous, which reflects the high level of anxiety among investors. This trend is due to the ambiguity surrounding the policies of customs definitions and trends in monetary policy, which has prompted many investors to liquidate their positions on the digital currency market.
In light of these developments, Bitcoin continued its losses to record a decrease of 7.6% in just 24 hours, after decreasing by 8.5% in last week. With this drop, the digital currency reached the level of $ 87,630.60 per unit, which represents a decrease of approximately 20% compared to its highest historical levels.