Is everything over for cryptocurrencies after the hard blow of powerful countries?

Is everything over for cryptocurrencies after the hard blow of powerful countries?

Bitcoin has already dropped 50% from its peak and worries the most inexperienced investors. What happened to the most famous crypto? Find out all the answers in this article. Keep reading for more. 

Bitcoin has already dropped 50% from its peak and worries the most inexperienced investors. What happened to the most famous crypto? Find out all the answers in this article. Keep reading for more. 

The year 2021 was full of surprises for Bitcoin (BTC). The most important cryptocurrency for thousands of investors around the planet prolonged the positive streak that it had exhibited since the beginning of the 2020 complex and, day after day, it managed to break a new record.

The year 2021 was full of surprises for Bitcoin (BTC).

From the euphoria, the advance of its price and the possibility of dollarizing the portfolio without restrictions, the word "bitcoin" became more and more famous around the world. 

Bitcoin's bullish rally reached its climax on Tuesday, April 13, when it traded at $62,755 per unit. However, since then, it began a fall that has already led it to lose 50% of its price and which collapsed to its price in January. As if 2021 had not existed.

Bitcoin's bullish rally reached its climax on Tuesday, April 13, when it traded at $62,755 per unit.

Thus, Bitcoin was enduring in recent weeks one blow after another, which was undermining its valuation:

The ad combo even neutralized the explicit decision of some companies - such as MicroStrategy - to announce new purchases of BTC and thus ratify their confidence in the recovery of the crypto asset.

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