Bitcoin has suffered a major shock, losing more than 65 percent of its value since the beginning of the year, but the loss here is not only in terms of value and numbers, but also the confidence that cryptocurrencies have tried to build some of them through the influx of some of the major financial houses and some of the world's bank funds on them.
There have also been numerous reports of Bitcoin price targets and forecasts, such as the largest US bank, JPMorgan, which said that Bitcoin would head to $146,000.
Several factors have entered the line in the recent period, but the bankruptcy case of FTX, one of the largest cryptocurrency trading platforms in the world, this case hit the credibility significantly and led to panic among cryptocurrency traders, especially individual traders.
In a historical look at the price movement of Bitcoin, we see that the record high recorded was in November last year at about $ 69 thousand and today, a year after the record level, the price rolled below the levels of $ 16 thousand and the year 2021 witnessed several peaks for Bitcoin when it reached in April to about $ 65 thousand and then returned in May and lost half its value in just one month before returning and rising sharply to record levels New in November.
Central banks are the biggest enemy of Bitcoin and their officials criticized and warned against them when they hit record peaks every time and now also when cryptocurrencies fall violently they continue in the same way in addition to Warren Buffett, who is also one of its most prominent critics.