Bitcoin drops below $20,000 since last 2 years

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Will It Drop Below US$10k in the Coming Days

The crypto market has been hard hit with Bitcoin plunging more than 52% since its all-time highs, and is now floating around at $17,749

Bitcoin might plunge as low as US$10,000 because of various economic and financial issues.

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The volatility in the market for cryptocurrencies is partly caused by the natural shifts in macroeconomic changes, including inflating inflation and changing interest rates.

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"There is a lot of turbulence in the market, And the reason why prices are going down is because there is a lot of concern the sector is overleveraged.”

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David Gerard, a crypto critic and author of "Attack of the 50 Foot Blockchain," said the recent meltdowns show a failure by regulators, who he believes should have put more scrutiny on the industry years ago.

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Many nascent investors — especially young people — invested based on a false hope that was sold to them, he said: "There are real human victims here that are ordinary people.

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 BTC price fell for 12 consecutive weeks

Cryptocurrency has lost billions of dollars in just one month because of the decline in TC value

Because of the current macroeconomic environment, and the Federal Reserve tightening the interest rates, crypto investors are afraid that the prices may fall further.

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My go to lenses:

Nikon HB-47 50mm lens

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