🔥 #Altcoins are covered in blood!
The decline of the crypto money sector, which has been going on for almost 7 days, is progressing as if it is endless. Although the crypto money market is completely red after the decline of #Bitcoin (BTC) to the level of $ 30,000, the sector manages to surprise investors with a new blow with each rise.
🔥Bitcoin Pulled Again To $ 30,000 Band
Although Bitcoin rose to the level of $ 40,000 after falling to $ 30,000, it started trading at $ 35,000 today. After trading at $ 35,000 for a while, BTC fell hard again with a single news coming today.
#Paolo #Ardoino, #CTO of #Bitfinex, one of the largest cryptocurrency exchanges in the world, announced the massive #transfers to Bitfinex's #cold #wallets. Ardoino stated that more than 12,000 BTC, more than 200,000 ETH have been sent to the exchange. Stating that this does not necessarily mean sales pressure, Ardoino pointed out that they may have been sent to increase the collateral in futures transactions.
🚨The Decline Has Impacted Altcoins Very Hard
After Ardoino's statement, Bitcoin pulled sharply to the level of $ 31,000. This decline hit altcoins the most, and the decline of cryptocurrencies such as #DOT, #AVAX, #LINK reached 50%.