Cryptocurrencies deepen their losses on Tuesday and the best known, bitcoin, is already below $22,000 (21,053 euros), a level not seen since November 2020, when it was in full bullish rally. Specifically, bitcoin was trading at 21,997 dollars (21,051 euros) at 2 p.m., 7.49% less than the previous day, while ethereum was down 2.41% at that time and changed to 1,174 dollars (1,123 euros).
Cryptocurrencies have been trading down since November of last year, after a bullish 'rally' that catapulted them to all-time highs. In this context and in the face of these sharp falls, Binance decided to temporarily suspend withdrawals through the bitcoin network on Monday as a result of the blockage of one of the processed batches.
According to the Coingecko website, the cryptocurrency market fell by 5% at 2:00 p.m., with weekly declines of 29.9% in the case of bitcoin and 37% in that of ethereum, while so far this year, the collapse is 54% and 69%, respectively.
The spokesman in Spain for the multi-asset investment platform eToro, Javier Molina, highlighted on Monday in a comment that bitcoin will not leave the danger zone until it exceeds 32,000 dollars (30,600 euros).