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WILL THE DECLINE IN THE BITCOIN CONTINUE? HERE ARE THE CAUSES OF EARTHQUAKE IN THE CRYPTO MARKET
The major pullback that shook the crypto markets has partially slowed down as of today. The urging of managers of leading crypto currency exchanges to testify in the US House of Representatives and the Fed’s strict monetary policy messages triggered a sharp decline in the market.
Bitcoin, the most valuable crypto currency in the world, experienced a sudden collapse yesterday in parallel with the earthquake in the crypto market. The crypto currency, which has depreciated by more than 20 percent in the last 24 hours, has partially recovered and seen above the 49 thousand dollar level as of today.
Bitcoin, which pulled up to 45 thousand dollar levels yesterday, saw its lowest level since September 30. The large range of december in the market has dealt another blow to investors’ desire to see Bitcoin as a safe haven.
It was also noted that due to the severe panic created by the tension in the crypto markets, a total liquidation of $ 2.5 billion took place. December January, the 20 percent value range in Bitcoin was the largest volatility level seen since January.
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ETHEREUM HAS DECOMPOSED
Ethereum, the second largest crypto currency, has managed to remain partially strong against Bitcoin in the last 24 hours. Ethereum, which saw the gold of 4 thousand dollars for a while yesterday during the severe downturn in the markets, managed to recover stronger by separating from Bitcoin.
Ethereum continued to trade above the 4 thousand 100 dollar level due to the impact of the recovery.
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WHY ARE CRYPTO COINS FALLING?
The decimation of the risk appetite of the Omicron variant of the corona virus, along with the fact that the US Central Bank (Fed) abandoned its emphasis on the transience of inflation, accelerated asset reduction and expected interest rate increases in 2022, are also among the factors affecting crypto markets.
The call of senior executives of the leading US crypto currency exchanges FTX, Binance, Coindesk to testify at the House of Representatives Financial Services Committee is another development that causes concern in the markets. The Chairman of the Committee, is known for her criticism of cryptocurrencies due to the fact that they are an unregulated market.
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WILL THE DECLINE CONTINUE?
The messages to be delivered to the Fed meeting on December 14-15 2021, will be closely monitored by investors. The fact that the Fed is accelerating the termination of its asset purchase program and bringing forward the calendar of interest rate hikes may affect the market even worse. It is noted that the Fed’s possible policy changes could have a significant impact on the crypto currency markets.
Co-founder of the crypto credit institution, said: “We need to find a support in the range of 40 thousand to 42 thousand dollars, and then recover in line with the end rally. If July does not happen, we may revisit the July bottom of 30 thousand to 35 thousand dollars,” was said.
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Turkey's world-renowned organ transplant specialist. Dr. Demirbaş has 104 international publications and 102 national publications.
Physician's Resume:
Born on August 7, 1963 in Çorum, Prof. Dr. Alper Demirbaş has been continuing his work as the President of MedicalPark Antalya Hospital Organ Transplantation Center since 2008.
Prof. who performed the first tissue incompatible kidney transplant in Turkey, the first blood type incompatible kidney transplant, the first kidney-pancreas transplant program and the first cadaveric donor and live donor liver transplant in Antalya. Dr. As of August 2016, Alper Demirbaş has performed 4900 kidney transplants, 500 liver transplants and 95 pancreas transplants.
In addition to being the chairman of 6 national congresses, he has also been an invited speaker at 12 international and 65 national scientific congresses. Dr. Alper Demirbaş was married and the father of 1 girl and 1 boy.
Awards:
Eczacibasi Medical Award of 2002, Akdeniz University Service Award of 2005, Izder Medical Man of the Year Award of 2006, BÖHAK Medical Man of the Year Award of 2007, Sabah Mediterranean Newspaper Scientist of the Year Award of 2007, ANTIKAD Scientist of the Year Award of 2009, Social Ethics Association Award of 2010, Işık University Medical Man of the Year Award of 2015, VTV Antalya's Brand Value Award of 2015.
Certificates:
Doctor of Medicine Degree Hacettepe University Faculty of Medicine Ankara, General Surgeon Ministry of Health Turkey EKFMG (0-477-343-8), University of Miami School of Medicine Member of Multiple Organ Transplant, ASTS Multiorgan Transplant Scholarship. Lecturer at Kyoto University. Lecturer at University of Essen, Research assistant at the University of Cambridge .
Professional Members:
American Society of Transplant Surgeons, American Transplantation Society Nominated, Middle East and Southern Africa Council Transplantation Society 2007, International Liver Transplantation Association, Turkish Transplantation Association, Turkish Society of Surgery, Turkish Hepatobiliary Surgery Association.
Disclaimer:
Our website contents consist of articles approved by our Web and Medical Editorial Board with the contributions of our physicians. Our contents are prepared only for informational purposes for public benefit. Be sure to consult your doctor for diagnosis and treatment.
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