Bitcoin after reaching its all time high has lost almost 25% of their value in almost 48 hours.
World’s most famous cryptocurrency fell down to the value of $44,964.49after following the drastic decline, after reaching its peak at the value of $58,300 on February 21. Bitcoin lost almost 23% of its value just in matter of few days. The Cryptocurrency lost almost $10,000 just in few hours.
Along with bitcoin other major cyrptocurrencies like Ethereum, Bitcoin cash, Cardano and Dogdecoin has also experienced heavy losses in the previous few hours.
While according to some of the cryptocurrency analyst, there are prospects that bitcoin and other digital will do well in coming days and it is just a momentary depression.
One of the analyst stated that “However, longer term market interest remains strong, leaving the door open for the uptrend to resume, Bitcoin futures open interest is still at all time highs and the recently launched Canadian Bitcoin ETF saw incredible pickup, accumulating over 8000 BTC in just a few days.”