Bitcoin price fell to $ 9,000 in sharp correction

In an unexpected milestone, after weeks with the price of the main cryptocurrency Bitcoin on an almost permanent rise, finally the price of the same cryptocurrency fell for a short time by the amount of nine thousand US dollars according to its international price. As reported CryptoNews, the BTC market faced a very strong correction during the early hours of Monday, which has ended up being one of the largest after having reached US $ 41,940.

This correction caused the market to decapitalize below US $ 1,1 trillion. On Saturday it reached US $ 952 trillion while today the capitalization returned to US $ 14 billion. Likewise, the fall of Bitcoin brought with it the rest of cryptocurrencies towards the negative zone, which was reflected in the fall of 11% of Ether or XNUMX% of the cryptocurrency XRP, belonging to Ripple.

According to analysts, this correction would be due to the profit taking of the operators, who would have considered that the value of BTC above US $ 40 thousand was a good opportunity to make sales. In this regard, Simons Chen, executive director of investment and trade at Babel Finance, commented that the decline was expected by the market.

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Elijah Casanova
Ninth cycle Law student at the Universidad del Pacífico. With an interest in technology, business and law. New technologies are our letter to the future.


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