Bitcoin fell below its negative monthly performance of $ 48,000 in May.

On Tuesday in the U.S. stock market, Bitcoin deepened its decline, falling below $ 48,000 a coin, down 5.36% on the day, the first drop in a week. One day for the first time in almost two weeks.

According to data from cryptocurrency trading platform Coinlass, more than 165,000 merchant funds have been processed in the past 24 hours, resulting in a total loss of around $ 524 million, resulting in a profit.

Investors have recently pulled out of the stock market, largely out of fears that global financial institutions will easily give up their rights. At the same time, the market believes the Fed will take the necessary steps to stop inflation, and Bitcoin appears to be able to hedge against potentially weak instruments.

Matt Maley, marketing expert at Miller Tabak Co., said it would be "unfortunate" to see cryptos sell off at the end of the year, as many cryptocurrencies have emerged as big winners in 2021. qu 'there has been a recent crisis. He noted that investors in the company may stick around after this week's decline. As Maley said, “If these (companies) enter the market later, the benefits of cryptocurrency won't be very good. In fact, some of them will lose money.” So they will. leave the market and face another risk. To augment. "

Bitcoin has been exposed to high risk from assets such as the US stock market since the start of this year, but that trend is likely to explode this month. Since December, the S&P 500 has risen 5% while Bitcoin has fallen 16%, its worst performance since May.

According to analyst firm Katie Stockton, founder and CEO of independent research firm Fairlead Strategies, the next level of Bitcoin support is around $ 44,200. “The $ 50,000 level is not significant, but it has implications for mental health,” Stockton said. “Bitcoin is consolidating and appears to be responding to short-term overbought.”

Victoria Greene, Founding Partner and Chief Investment Officer of G Squared Private Wealth, teaches consumers to be patient and watch change. “Bitcoin is still an investment because people think they don't really know if they want to make a profit, hold value, increase or buy,” Green said. "