Earthquake in the Crypto market! Price halved in 8 months; An atmosphere of fear among investors, what will happen now?

The price of Bitcoin, the world’s largest cryptocurrency, has fallen this much for the first time since October 2024. It has fallen below the $60,000 level, further intensifying its fall in value. After hitting a high of over $126,000 in October, Bitcoin has more than halved its value in the past eight months.

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How much has fallen?

The price of bitcoin fell nearly 7 percent to $59,101 on Saturday morning. It was then seen trading around $59,743.21. According to market experts, the main reason behind this pressure on Bitcoin is the change in liquidity, and especially the decrease in investment from institutional investors.

Where do people invest?

Investors are now flocking to sectors like AI, defence, energy and infrastructure. This is leading to withdrawal of funds from the cryptocurrency market. According to analysts, rising interest in gold and AI-related stocks has also affected cryptocurrency demand. Additionally, the prospect of interest rate cuts by the US Federal Reserve and changing investor sentiment towards it is also seen affecting the crypto market.

Will investor confidence return?

According to market experts, investors will now be closely watching whether Bitcoin can sustain the key support level of $60,000 to $62,000. If this level is sustained, investor confidence in the market may be restored. According to experts, factors such as investment flows in exchange-traded funds (ETFs), institutional participation, global economic developments and geopolitical conditions will play an important role in determining Bitcoin’s trajectory in the near term.

The increase came after Trump’s election victory

After the victory of Donald Trump in the US presidential election, Bitcoin became the preferred choice of investors and its price reached a record high. However, this major cryptocurrency is now facing constant pressure due to global financial uncertainty, decline in institutional investment and changing investment priorities.

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