Multiple negative factors .. Bitcoin retreated to the lowest levels in 3 months

The price of the most famous cryptocurrency in Training has declined to its lowest levels since mid -November, amid the concerted negative factors.
Dealers in markets abandoned risk in the absence of any moves to implement the American President’s promise to form the American strategic reserves of Bitcoin.
The last encrypted currency scandal that included Trump and Libera currencies, in addition to the massive penetration of the encrypted currency exchange, has greatly weakened the confidence of the encrypted currency market.

Current currency decrease factors

The weak data of the Service Sector Procurement Directors Index in the United States, the Japanese yen force as a safe haven, and caution before announcing the results of the electronic chips company, Invidia.

As well as the economic data issued, including American inflation, in the decrease in encrypted currencies.

Digital asset flows

The weekly evaluation report for digital asset flows issued by Queen Sherez for the week ended February 21, net external flows of $ 508 million in digital asset investments.
The uncertainty about customs definitions and monetary policy contributed to the activity of withdrawals.
The previous week recorded net external flows of $ 415 million.
The price of Bitcoin decreased by 7.6% within 24 hours, after it fell by 8.5% during the past week, to be traded at a price of 8,7630 dollars per unit, which is almost 20% less than its highest levels ever.