Prix et cours du Bitcoin (BTC) : 2 raisons qui expliquent la chute du prix

2 reasons for the fall in price

As stocks soared in Monday’s trading, major cryptocurrencies continued their recent journey through a red gloom. Price and course of Bitcoin (BTC) are falling. Several reasons allow us to understand the reasons for this fall.

The Collapse of the Terra Luna Ecosystem

Bitcoin has fallen nearly 4% in the past 24 hours to hit the low end of the $29,000-$30,000 range. The largest cryptocurrency by market capitalization has fallen 26% from its peak this month: nearly $40,000. Ether, the second-largest crypto by market capitalization, fell around 3.5% over the same period.

The fall in Bitcoin prices deepened in May 2022. It comes after the stock market collapse and the collapse of Terra Luna and Terra USD which lost almost all of their value. Much to the dismay of investors around the world, Bitcoin fell below $30,000, resulting in huge financial losses.

Bitcoin price in real time

The influence of US financial markets

A range of different factors can influence the price of a given crypto. In particular, we can note the behavior of investors. Several of them connect their currencies to stock exchanges. In other words, when the stock market is in the red, the crypto also follows this trend. Bitcoin is no stranger to crashes, however. Although it is an extremely popular crypto, its price has been affected by the smallest of events. Even Elon Musk’s announcement that Tesla would no longer accept Bitcoin caused the market to drop sharply in May 2021.

Falling prices are not exclusive to Bitcoin. Several other cryptocurrencies that are not pegged to a traditional asset are also experiencing steep declines in value.

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Erica Masson
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