Bitcoin is crashing: the exchange rate has fallen by a thousand dollars per day.

Despite forecasts of a possible appreciation, the most liquid cryptocurrencies on Wednesday, September 25, sharply decline in price.

So, according to CoinDesk at 12:56 the first cryptocurrency was trading at $ 8,360. During the day, bitcoin lost 14.25% in value, falling by more than a thousand dollars.

Experts attribute the collapse of the hashtrate to the disconnection of mining farms in Kyrgyzstan and Kazakhstan.

“In addition, there are versions that such dramatic events unfolded due to the fact that investors did not see a massive increase in bitcoin after the launch of Bakkt and, realizing that the price was too high, they began to get rid of the asset. The reasons will be analyzed, but most likely in the game there were all factors at once. One thing is certain: in a day, the total capitalization of the cryptocurrency market fell by $ 35 billion, "the experts conclude.

Earlier it was reported that Bitcoin was predicted to take off to a record 20 thousand dollars. Tom Lee, a supporter of the cryptocurrency market and analyst at Fundstrat Global Advisors, is confident that the policy of the US Federal Reserve will help cryptocurrencies.

As you know, in 2019, Bitcoin turned 10 years old:

At the same time, according to CoinMarketCap, altcoins are falling in price. Ethereum fell to $ 168.4 (-14.84%). XRP fell 11.37% to $ 0.239. Bitcoin Cash lost at all 23.18% of the price, falling to $ 222.85.

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