Saturday, October 1

Bitcoin Price Kicks Off 2022 At $ 47,200, And New Research Attributes Performance To Exodus Of Traders From China By CoinTelegraph

© Reuters. Bitcoin price starts 2022 at $ 47,200, and new research attributes performance to exodus of traders from China

(BTC) bears lost in the last minute as 2021 drew to a close, and consensus is growing around China being the reason for the decline again.

  • Bitcoin’s dominance falls below 40%

1 hour candlestick chart for the pair (Bitstamp). Source: TradingView China’s “last hammer” could now provide optimism to BTC Hours before the annual close, the BTC / USD pair plunged $ 2,000 to lows of $ 45,630 on Bitstamp before a modest recovery closed to 2021 at $ 47,200, as shown by data from Cointelegraph Markets Pro and TradingView.

Although this is something of an anticlimax and well below many popular projections, the lack of a parabolic rally in the price of Bitcoin has recently turned explanations to exchanges.

Read the full article on Cointelegraph

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