Source: CoinMarketCap
Hello everyone this is a crytponcy (crypto ecency) page on this page discussing cryptocurrency news, and this is my first post about bitcoin prices and bitcoin price predictions
In this post, I will discuss the BTC price that is currently falling drastically, as seen in the picture that the BTC price is currently down 2,01% within 24 hours to a price of $59,226.00. Predictions for BTC prices can still go down to 55K $ when viewed from the BTC Price chart from CoinMarketCap. The reason BTC price drops are due to the policy of ETFs (exchange trade funds), ETF trades during weekdays, investors can buy or sell cryptocurrencies 24 hours per day or seven days per week, and can create mismatches for crypto ETFs.
For example, if crypto in a major market is down 20% on Sunday, those looking to sell their cryptocurrency may be stuck in the ETF market until the market reopens on Monday.
This week we wait and see the development of BTC Price, it is likely that it will not drop drastically (dump).