Cryptocurrencies expert Chris Burniske showed the Bitcoin Cash hard fork about the reason for the decline of cryptocurrencies. Explaining in his statement about the Bitcoin Cash hard fork that it is the main reason for the declines, Chris Burniske also made a statement about whether the declines in the industry will be permanent.. The decrease in Bitcoin price, his statements about the hard fork, which caused problems in the market volume, were shown as one of the most honest and accurate explanations of the market.
The main reason for the decrease in the price of Bitcoin and other cryptocurrencies is Bitcoin Cash hard. because of his fork. The Bitcoin Cash hard fork caused the price of Bitcoin, which was supported between 4-6 and stable, to experience a great decrease and created a huge earthquake effect in the crypto money markets.. Now there’s a bottom we need to find. The decline in cryptocurrencies will continue until we find the bottom level.. We will have to wait for a while as we do not know what the bottom level in Bitcoin price will be.. – Chris Burniske
Explaining that the Bitcoin Cash hard fork causes uncertainty, Chris Burniske explained that this uncertainty is the most effective reason for this huge drop.. The fact that the declines that started after the hard fork were big enough to alienate the investors from the market, even at the $ 1,000 level, were effective in making large sales in order not to make a loss.. While Bitcoin regressed to $4,400, the hard fork issue and a few other examples are cited as the reasons for this decline.. It is not clear when these declines due to the Bitcoin Cash hard fork will end.
High interest rates in the economy cause some threats for the next year.. The reason for the uncertainty in the economy is that people cannot decide what to do next year because it is not known what the interest rates will be, and it is not known how and in what direction the new interest rate decisions to be taken in the economy.. If interest rates decline and fall, next year may be a much better year, on the contrary, if it rises above the current figures, it may be a worse year.- Chris Burniske