Following Dogecoin, Bitcoin, a representative cryptocurrency (virtual currency), is also plummeting.
Even cryptocurrency optimists warned that a short-term adjustment was inevitable, saying that there was a lot of bubble in Bitcoin.
While Dogecoin plummeted for two days in a row and returned to the level before’Dojiday’ on April 20, even Bitcoin is falling sharply.
As of 10 am on the 22nd (Korean time), Bitcoin is recording $53,895, a drop of 4.32% from 24 hours ago on CoinMarketCap, a real-time broadcasting site for cryptocurrency prices.
It is the first time since March 26th that Bitcoin has fallen to the 53,000 dollar mark.
It fell more than $11,000 from its previous high. Bitcoin’s previous high was $64,533, which was recorded on the 14th.
The reason Bitcoin is currently being adjusted is because it has soared this year. Bitcoin has soared about 100% this year. Accordingly, prospects are rising that Bitcoin will be adjusted.
Cryptocurrency optimist Scott Minerd Guggenheim Partners Chief Investment Officer (CIO) appeared on CNBC broadcast on the 21st (local time), saying, “Bitcoin has a very bubble,” and “a big adjustment is inevitable.”
“I think bitcoins can go down to 20,000 to 30,000 dollars each,” he said. This is half of the current price.
“I think short-term adjustments are part of the process for bull markets in the long run,” he said. “In the long run, bitcoins can go up to $400,000 to $600,000 each.”
Earlier, the Bespoke Investment Group reported on the previous day that Bitcoin fell below the 50-day moving average for the first time since 2014, and that there is a possibility that Bitcoin may adjust to around $40,000.
As the current bitcoin price is in the 53,000 dollar range, it is predicted that it will drop by 13,000 dollars from now.
