Leading cryptocurrencies in the past week lost in price from 5 to 10% amid the lack of positive news in the market and the tightening of industry regulation. Kommersant writes about it, citing market participants and data from cryptocurrency platforms.

According to coinmarkecap.com, last week bitcoin was down to $21,14 thousand, its lowest value since January 29. Even with a slight upward correction, it remains 5.5% lower than a week ago. Quotes of other currencies - Binance Coin, Ripple, Cardano, Dogecoin, Solana - fell by 5-10%. In general, they are trading near the lows of the third decade of January.

Market experts agreed that the cryptocurrency market had been rising for almost five consecutive weeks. Therefore, the upside potential could not be expected to be endless. In addition, investors began to record profits, which contributed to the decline of bitcoin. In addition, there are no positive prerequisites for the market growth now. We are talking about tightening of supervision over p2p-platforms for cryptocurrency exchange, the closure of LocalBitcoins and other problems.

Analysts felt that the problems in the global economy, which have accumulated over the past year, have not yet been solved. All of this leads to the fact that the bitcoin rate can not stay in one place for a long time. In general, in 2023, you can expect a few more surges to $27 thousand, after which bitcoin will fall below $20 thousand. At the same time, positive developments may be in the second half of the year, where the bitcoin rate may grow to $35 thousand.