HomeEconomyBitcoin price fell below...

Bitcoin price fell below the psychological level of $60,000

Photo: Getty Images

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.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...