Bitcoin failed to break the resistance point

Bitcoin is back from critical level again. It started to depreciate again from the resistance point of $38,500. The answers to the question of why cryptocurrencies are losing value began to be sought.

The depreciation of Bitcoin, which reached $69,000 in 2021, worries investors. The recent global inflation and the Ukraine-Russia crisis have also negatively affected cryptocurrencies. Investors are confused by the back-to-back negative news.

When one of the biggest cryptocurrencies, Bitcoin, loses value, altcoins lose value. The fast-growing exception. Because the investment decision of a big investor can sometimes upset the balance. Of course, this effect is short-lived.