Analysts name the reasons for the sharp collapse of the bitcoin cryptocurrency

Bitcoin’s price is approaching $ 58,000, which indicates a significant drop of 4.3% in the past 24 hours. Investors are preparing for a series of important economic data that could affect the market.

Cryptocurrency experts explain that bitcoin’s collapse is due to growing uncertainty among investors. In the coming days, new data on US inflation and employment figures are expected to be published. These indicators may provide insight into the future policy of the US Federal Reserve, which affects all markets, including cryptocurrency.

Other factors that increase pressure on bitcoin include a decline in activity on cryptocurrency exchanges and a decrease in trading volume. Currently, there is an increased level of volatility, which traditionally alarms investors.

In addition, some analysts believe that tighter regulatory restrictions in some countries may have a negative impact on the cryptocurrency market. The lack of a clear regulatory environment creates additional risks for investors, which contributes to the outflow of capital from the market.

Amid these developments, many investors are choosing to exit risky assets and transfer funds to more stable instruments. The situation on the cryptocurrency market is expected to remain tense in the near future.