Bitcoin’s value nears $30,000 mark as Luna Foundation Guard liquidates wallet

Bitcoin’s price is down more than 50% from its November 2021 peak and has fallen over 11% today, nearing the $30,000 mark, leaving many investors scrambling to figure out what’s going on.
There are two main factors driving pressure on bitcoin prices right now, Caleb Franzen, senior market analyst at Cubic Analytics, said to TechCrunch. “As liquidity gets pulled out of the financial system, risk assets are getting repriced,” Franzen said.
The rising rate environment, paired with weakening economic activity, is creating a risk-off environment, Franzen added. “This is largely why both bitcoin and

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