The QCP Capital noticed that the hackers cashed at least $ 300 million from the stolen $ 1.46 billion during a low liquidity period on March 9. This led to the fact that Bitcoin again tested the support level – $ 83,000. According to analysts, there is a possibility of further reducing the quotations of the first cryptocurrency, since the asset holders sell it in anticipation of further offers from hackers.
In response to this, in the last day, traders began to more actively buy insurance from falling prices (plate points), which indicates the growing fears of investors regarding the possible fall of the Bitcoin course, experts say.
The potential of coin growth has been exhausted, since the initiative of US President Donald Trump about creating a strategic bitcoin reserve is largely taken into account by the market, according to the QCP Capital.
The volatility of the first cryptocurrency may intensify on the eve of the publication of the key macroeconomic data of the United States – the consumer price index (CPI) on March 12 and the manufacturers (PPI) index of March 13, analysts summed up.
Earlier, specialists of one of the largest American JPMorgan banks reported that the capitalization of 14 US public companies fell by 22% in February due to the fall in bitcoin.
Source: Bits
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