Crypto Prices Cold in the Night, Why?

Zikrul
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Crypto Prices Cold in the Night, Why?


Crypto prices still get a cold at night. As many as 10 of the largest market-capitalized crypto assets are still at home in the red zone.

Launching Coinmarketcap on Monday (3/12) at 18:30 WIB, the price of Bitcoin (BTC) corrected 0.21 percent in the last day and is now perched at USD 47,182.24 per piece.

Meanwhile, Solana (SOL) and XRP also yielded 0.79 percent and 0.71 percent respectively at the same time.

The value of BTC seems to still be falling after the rapid sell-off since the end of last year.

Strongly suspected, the sell-off was driven by the policy of Chinese authorities who asked crypto investors to leave the exchange platform no later than December 31, 2021.

Fortunately, Bitcoin's weakness was held back by some positive sentiment. For example, Bitcoin's mining hash rate has been at a record high late last year.

In addition, El Salvador President Nayib Bukele again expressed optimism that the price of bitcoin could soon break the usd 100,000 level in the near future. 


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