Bitcoin’s Pullbacks and Market Impacts

The crypto world eagerly awaited Bitcoin’s fourth block reward halving, leading analyst Rekt Capital examined significant declines seen by Bitcoin in recent months. Since November 2022, Bitcoin has experienced several pullbacks due to various reasons. The majority of these pullbacks are around 20%, reflecting the volatile nature of the cryptocurrency market. Bitcoin’s Price Movements After hitting a low in November 2022, Bitcoin experienced a 23% pullback in February 2023, particularly due to regulatory actions in the US. However, an upward trend in Asian markets helped with the recovery. In April and May, significant liquidations were observed in futures trading due to large sell orders on Binance and inflation data in the UK. In the summer of 2023, long-term investors saw another 22% decline, attributed to factors such as profit realization, geopolitical tensions, and the seizure of Bitcoins in the US Silk Road operation. During this period, cautious movements by investors […]

Bitcoin’s Pullbacks and Market Impacts

The crypto world eagerly awaited Bitcoin’s fourth block reward halving, leading analyst Rekt Capital examined significant declines seen by Bitcoin in recent months. Since November 2022, Bitcoin has experienced several pullbacks due to various reasons. The majority of these pullbacks are around 20%, reflecting the volatile nature of the cryptocurrency market.

Bitcoin’s Price Movements

After hitting a low in November 2022, Bitcoin experienced a 23% pullback in February 2023, particularly due to regulatory actions in the US. However, an upward trend in Asian markets helped with the recovery. In April and May, significant liquidations were observed in futures trading due to large sell orders on Binance and inflation data in the UK.

In the summer of 2023, long-term investors saw another 22% decline, attributed to factors such as profit realization, geopolitical tensions, and the seizure of Bitcoins in the US Silk Road operation. During this period, cautious movements by investors were also observed due to inflation and Federal Reserve policies in the US.

Causes and Effects of Decline Trends

In March 2023, a seven-day pullback occurred due to the dovish and hawkish Federal Reserve policies of the Silvergate Bank, characterized by an 18% decline. The subsequent eight-day pullback, representing a 16% decline, marked the sixth major pullback since the market low in 2022, associated with tax season and increased geopolitical risks.

Useful Information for Readers

Approximately 20% pullbacks are common in Bitcoin’s price movements, which should be taken into account in investment decisions.
Geopolitical tensions and macroeconomic data can directly impact Bitcoin prices.
Dips can be an opportunity for profit realization for long-term investors, as well as presenting buying opportunities.

Based on this information, Bitcoin investors should constantly monitor market volatility and shape their investment strategies around it. Regulatory news and economic developments have the power to influence Bitcoin’s price and reacting quickly to such information is often crucial.

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how to buy crypto?
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