INVESTOR ATTENTION CONTINUES
Bitcoin broke a record with $ 69,000 in November 2021, but it fell to $ 17 thousand in the last period. It saw its lowest level last June. Although it did not make its investors happy, it started to rise again as of this week. Its value has now risen to $23,000. Recently, Bitcoin has bottomed at least three times. The second most bought coin, ethereum, also gained 58 percent in July. This money, which was called completely dead, came back to life. The total value of the cryptocurrency market has dropped to $1.1 trillion. Bitcoin’s market cap is $441 billion. Ethereum has a market capitalization of $201 billion, Tether $66 billion, and US Dollar Coin $54 billion. In November, the world market size reached 3 trillion dollars.
It is expected that the upward trend will continue unless there is a new major development in cryptocurrencies, which is also affected by world politics such as the Russia-Ukraine war and Taiwan tension. It is stated that the worst may be behind. High inflation and the increase in interest rates are other factors affecting the sector. The move of electric vehicle manufacturer Tesla was also effective in the decline of Bitcoin. Tesla invested $1.5 billion in Bitcoin in 2021. However, it recently announced that it has sold 75 percent of this investment.
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