Bitcoin recently hit its highest level since mid-June after US Republican presidential candidate Donald Trump promised to promote the cryptocurrency.
The value of the first cryptocurrency – Bitcoin – fell the previous day by 3.38%, to $58.5 thousand. Quotes fell overnight to $58.5 thousand per “coin,” reports Coinmarketcap.
It is assumed that one of the reasons for the collapse was the announcement of payments from Mt. crypto exchange. Gox and large transfers of BTC to centralized exchanges, causing concern among investors.
So, after several days of growth, the crypto market turned 180 degrees on August 2, ending with a crash. Analysts attribute this to political and economic changes in many countries.
Note that it was only at the end of July that the cryptocurrency reached a six-week high, rising 2.6% to $69,462 Smaller tokens such as Ether, Solana and Dogecoin also rose.
Bitcoin then hit its highest level since mid-June after US Republican presidential candidate Donald Trump pledged support for the cryptocurrency and expectations of a Federal Reserve interest rate cut boosted investor sentiment.
We remind you that in January the United States took an important step towards the legalization of Bitcoin. The SEC allowed fund industry heavyweights BlackRock, Invesco and Fidelity to compete with smaller rivals including Valkyrie to begin trading. After that, the price of the cryptocurrency began to rise rapidly.
Source: korrespondent
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