The researchers did note, that the trading volume isn’t especially higher during this time, that it doesn’t exactly correlate. Researchers did note a correlation with the lower prices on Fridays, with lower trading volume, however, lending credence to their findings for lower prices. Join the Metaverse Evolution With This Exciting New Crypto – Next Big Thing? The latest crypto crash occurs as investors grow fearful of macroeconomic conditions and the Federal Reserve’s efforts to curb inflation. Crypto investors have also seen a number of core protocols and services threatened by the rapid depreciation of assets with some worrying that the inter-reliance of these various services could cause cascading shutdowns.
In April 2021, Finder's panel predicted Bitcoin would end the year at nearly $95k on average, up from a prediction of nearly $52k made in December of 2020. However just a few months later in July, the panel's prediction dropped to $66k before increasing in the October report to $71k. It turns out the panel was far too bullish with Bitcoin ending 2021 at just $32k. What’s next for Bitcoin? This price of Bitcoin soared during the pandemic, hitting an all-time high of $69,044.77 on 10 November 2021. Since that point the cryptocurrency’s price has been on a steady decline, falling to just over $17,000 on Monday.