Bitcoin (BTC) is on the right track for its worst month in three years, down 22% as President Donald Trump’s prices on the main American trade partners, raises faster inflation concerns, reduces the chances of reduction in interest rates and lowered the appetite for risky investments.
The last time the greatest cryptocurrency fell from June 2022 when it fell by more than a third. Only this week, the BTC has dropped almost 18%, the steepest slide since the end of the week on November 13 of the same year.
The slide leaves investors who bought Bitcoin this year seriously underwater. The average purchase price has been $ 97,880 in January and the BTC fell below $ 80,000 earlier on Friday, since the start of $ 97,880.
Historically, it is not entirely unusual. Investors are often faced with unpaid losses at the start of the year. This happens when the price of bitcoin falls below the basis of the cost of the beneficiaries before recovering later in the year.
The data on the chain indicate that the losses made increased as the price has dropped. In the past three days, around $ 1 billion in losses have been recorded daily – the most since Yen Carry’s trade in August, when Bitcoin fell to $ 49,000.
In addition, a huge 1.1 billion of dollars was destroyed the market capitalization of cryptography, bringing the total to 2.59 billions of dollars, according to TradingView Metric, Total.
