Trump calls Bitcoin 'a scam against the dollar', BTC falls sharply

Trump calls Bitcoin 'a scam against the dollar', BTC falls sharply

Trump calls Bitcoin 'a scam against the dollar', BTC falls sharply

Donald Trump, in his statement yesterday, stated that Bitcoin is competing with the Dollar and evaluated the crypto money as a scam. With this statement, Bitcoin started to retreat again, losing a total of 10.45% on the daily. It declined as low as $32,800.1.

After the related developments, the total value of Bitcoin in the crypto money markets fell to $ 620.3B. Proportionally, this value corresponds to 40.56%.

Donal Trump also harshly criticized Bitcoin when he was the US President in 2019.

The harsh views against Bitcoin continue to worry the investors of the coin, which is already in a downtrend, and confidence in the cryptocurrency has been shaken.

If we look at the last 24 hours, Bitcoin was traded between $ 32,800.1 - $ 34,047.8.

BTC, which was traded at $ 64,778.04 only 4 weeks ago, has fallen to levels approximately 50% lower than this value today.
 
According to the report published by CoinShares yesterday, it was seen that a record $ 141 billion outflow was made from Bitcoin last week, while it was understood that there was $ 22 million inflow to Ethereum. While Bitcoin's downtrend continues, Ether may appreciate more in the crypto market.

Technical Picture of Bitcoin:

Technically speaking, if bitcoin breaks below 31,044 a drop to 28.671 and then 26,402 support can be seen. If above, a resistance levels, 33,574,  35,953 and then 38,632, respectively, can be tested.

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