The sharp decline in the cryptocurrency market continues. Bitcoin started the new week with a loss of 6%, falling below $24 thousand. The depreciation has been 64% since November.
Cryptocurrencies are on the decline due to both geopolitical and global risks. Bitcoin entered the new week with a loss of 6% and saw the lowest level of 8 months. Bitcoin fell below $24,000.
The loss in alt coins is at the level of 7%. Inflation in the USA and the expected recession possibility kept investors away from risky assets.
This increased the selling pressure in cryptocurrencies. Bitcoin last saw $69 thousand in November, while Ethereum saw $4 thousand 865.
Source: Trthaber / Translated by Irem Yildiz
