Factors that have contributed to the drop



Elon Musk's statements: Elon Musk's tweets about the possible sale of Bitcoin (BTC) by Tesla and the reduction of its value as a method of payment have generated instability in the market.
Regulation: The prohibition of the use of cryptocurrencies for purchases in Turkey and concern about future regulation in other countries have generated uncertainty and downward pressure.
Power outages in China: The reduction in mining capacity in China, one of the most important regions for Bitcoin mining, has affected the availability of BTC and contributed to the drop.
Correction expectations: After a major rally in 2021, many investors have been anticipating a natural correction in the crypto market, which has led to a massive sell-off and a decrease in prices.
Sales volume: The sales volume in the last 24 hours has been high, indicating strong downward pressure in the market.
ELON-3.85%
BTC-1.79%
POR1.25%
EL-1.65%
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