Cryptocurrency in sharp decline
According to CoinGecko, a cryptocurrency tracker, the cryptocurrency has fallen from $ 51,982.84 to $ 44,537.65 in the last 24 hours alone. The digital currency was trading at $ 45,000 on February 11.
Plan to invest in addition
Bitcoin, driven by interest from big companies like Tesla and Micro Strategy, hit $ 58,640.77 on February 21. Since then it has fallen about 21 percent. Meanwhile, Micro Strategy, which initially entered the cryptocurrency, said it plans to invest an additional $ 2.17 billion.
May decrease further
A total of 90,531 bitcoins were taken into their holdings. There will definitely be a correction in Bitcoin. $ 50,000 may be the first stop. The same second quarter could be reduced to $ 40,000. At the same time, it can reach $ 30,000. Therefore, it is good for investors to trade carefully.
Experts warn
Because although some companies are accepting bitcoin, experts warn that bitcoin is still a long way from becoming a widespread digital payment.
Even so, owning one is still out of reach for the average person. However, when will it come into effect? Will this be accepted?
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