The beginning of the growth of the Bitcoin exchange rate was due to a technical correction, experts believe the cryptocurrency market.
The exchange rate of the world’s most popular cryptocurrency, Bitcoin, strengthened slightly after a sharp decline last week. This was confirmed by data from the CoinDesk exchange on Monday, June 20th.
At 19:30 Kyiv time, the Bitcoin price rose 4.94% and traded at $ 20,523. At the same time, the lowest cryptocurrency price in the last 24 hours was $ 19,375, and the maximum was $ 21,036.
The volume capitalization of the Bitcoin market is at the level of 390 billion dollars.
Cryptocurrency market experts believe that the beginning of the growth of the Bitcoin exchange rate was due to a technical correction. Investment funds began to be bought at cheap prices. However, one should not expect this growth to last long, as the US Federal Reserve will continue to raise key rates.
Earlier, the value of Bitcoin had fallen to its lowest since December 2020 – $ 19,040.
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.