Experts from the analytical company Santiment stated that the correction of the first cryptocurrency rate to the $59,000 mark was due to the influence of two factors. At the same time, most traders perceived the fall of bitcoin as an opportunity to buy it.
According to experts, the cost of Bitcoin was negatively affected by the lawsuit of the US Securities and Exchange Commission (SEC) against the cryptocurrency market maker Cumberland and strong data on consumer inflation in the US. The decrease in investor appetite for risky assets in the global market caused an increase in the daily outflow from spot ETFs on Bitcoin to $120.8 million, and the negative dynamics have been maintained for the third day in a row, the experts noted.
According to analysts, the cryptocurrency industry may be subject to higher volatility in the near future, and selling pressure will continue in the medium term. Santiment did not predict how much the first cryptocurrency might fall in value, but noted that fears in the market could increase further if the US government sells bitcoins associated with the darknet site Silk Road.
Earlier, Santiment experts named 20 digital assets that have the greatest chance of growth in the near future. The list was compiled based on user sentiment on social networks.
