“The BTC chart is heavy right now, & a break below $35k could cause a rush for the exit…
As Cointelegraph recently reported, other major world currencies have suffered along with crypto in USD terms in recent weeks, with a particular focus on the fate of the Japanese yen.
“This number is reaching peak high numbers, which we’ve also seen in 2020 . Ultimately, a large number of coins are ‘illiquid,’ which adds to the potential of a possible supply shock,” Cointelegraph contributor Michaël van de Poppe said as part of comments on the numbers.
“Yes, the market can still make a new lower low in which the bear market continues and a hit of $30K can be reached.