Fly down: the bitcoin rate may fall three times more due to regulations sanctions leading down the road of uncertainty..
(Face Of Nigeria Blog News)- If in the countries that are the main consumers of cryptocurrency, a series of news about regulatory tightening comes out, or the price for bitcoin drops below $ 46-47 thousand, then a further drop in the token rate to $ 30 thousand is possible.
In the event of extremely negative news, for example, problems with stablecoins or exchanges from the top 10, the cost of the main cryptocurrency may drop to $ 15-18 thousand .
At the same time, during the fall in the value of digital assets, altcoin quotes, excluding ethereum, traditionally decrease more than bitcoin .
For example, on April 23, the main cryptocurrency lost about 10%, while altcoins – from 10 to 20% of the value.
According to experts , in the event of a decline in the bitcoin rate, the price of altcoins may fall to 90-95% of the current values .
Over the week, the main cryptocurrency fell by a quarter; by April 23, the bitcoin rate fell to $ 47.7 thousand .