Investors are careful with the latest price losses from Bitcoin and Ethereum: Analyst

• Bitcoin is traded at the level of $ 45,000 after it lost 2.5 percent last day, since Ethereum remains
despite the red figures above the level of USD.
• A market strategist believes that investors are concerned about these declines and the inability of the two top cryptocurrencies, to recover immediately, indicate the weakness of the market.

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Since the low point was reached just over $ 29,000, Bitcoin has fought to stay over $ 45,000, and even rose to $ 52,700. Ethereum, on the other hand, managed to stay above the $ 3,000 mark last month. However, they lost 10 or 17 percent last week, and a market strategist believes that this scares investors.

Lately Bitcoin has been for the better and for bad news. El Salvador officially adopted the Bitcoin Act this week and thus made the legal means of payment. As always, the old phenomenon "Buy-The-News, Sell-The-News" was widespread, with BTC lost 20 percent after the law came into force, but it quickly recovered.

The central bankers are back again

and destroy the top cryptocurrency (and all old coins after association). The Mexican central bank governor compared Bitcoin to barter and rejected its value as a currency. His Swedish counterpart compared it to trademarks and said:

Private money usually collapses sooner or later. And sure you can get rich by trading with Bitcoin, but it is comparable to trading in stamps.

Read more: Mexico's central bank boss: Bitcoin is like bartering, no further developed currency

Bitcoin investors scare

An analyst believes that this wave of attack and the corresponding course declines in the two top cryptocurrencies are worried about investors.

Wael Makarem, a senior market strategist at the exit trade broker, said:

Investors are careful with the current fluctuations in Bitcoin and Ethereum, especially since these benchmarks could not shorten earlier losses, which is normally regarded as a sign of weakness on the cryptoma market.

makarem believes that investors are also worried about the latest regulatory proposals. Watchdogs all over the world are becoming more strictly with digital currency policy because the market is getting bigger and new market participants attract.

in the USA

Speaking of yahoo! Finance, noted Makarem:

On the other hand, the headlines of the EU regulatory authorities increase the downward pressure to implement new regulations for cryptocurrencies, new regulations to combat money laundering and tax reporting obligations. Investors are afraid of strict rules and regulations that could restrict the introduction or use of crypto.