Cryptocurrency market experienced a big drop around 18 CET today. The reason for the unexpected pullback is not yet known, but the price of Bitcoin fell to $ 42,800. This drop has also severely impacted altcoins, with many tokens retreating back to their prices a few weeks ago.
No bad news but…
The reason why the price has withdrawn so quickly is not yet known. Last night, the Bitcoin price went up to $ 52 thousand 900 with the effect of the positive news, and today it experienced slight pullbacks, but such a strong downward sag was not within the expectations. While Bitcoin and other altcoins, which returned from the level of 42 thousand dollars, recovered in a short time, the trend is eagerly awaited.
President Bukele announced, El Salvador took it from the bottom!
While El Salvador, which made Bitcoin a legal money today, goes into world history, another important move came from President Bukele. El Salvador, which received 400 BTC in the morning, also evaluated the decrease in Bitcoin and added 150 Bitcoins to its balance sheet. The statement came from the chairman Bukele:
“We bought from the bottom. We added 150 more Bitcoins”
With this purchase, the number of Bitcoins in El Salvador’s balance sheet increased to 550.
At the time the news was written (18.40 TSI), Bitcoin is trading at approximately 47 thousand dollars. The market value of Bitcoin, which pushed the 1 trillion dollar limit in the morning hours, also fell below 900 billion dollars after this decrease.
Cryptocurrency exchanges are having problems over and over
The sharp fall also led to the collapse of some of the leading cryptocurrency exchanges.
While Coinbase users had problems connecting to the stock market, it was reported that the stock market was aware of the problems experienced and was working to solve them.
On the other hand, another important exchange, Gemini, was completely overhauled.
Similar problems were seen in Kraken.
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