Specialists from the analytical company Santiment said that the correction in the rate of the first cryptocurrency to $59,000 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 price of Bitcoin was negatively affected by the US Securities and Exchange Commission (SEC) lawsuit against 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 Bitcoin ETFs to $120.8 million, and the negative dynamics have persisted for the third day in a row, experts noted.

According to analysts, the cryptocurrency industry may be subject to higher volatility over the near term and selling pressure will continue in the medium term. Santiment did not predict how much the value of the first cryptocurrency could fall, but noted that with the sale by the US government of bitcoins associated with the Silk Road darknet site, fear in the market could increase even more.

Previously, Santiment experts named 20 digital assets that have the greatest chances of growth in the near future. The list was compiled based on user sentiment on social networks.