Bitcoin recovered about 25% from its fall to $49,800 and is now holding its way back to its previous level and accumulation zone.
Bitcoin price fluctuates around $61.01. The cryptocurrency moved slightly higher after a sharp decline. This is confirmed by Coinmarketcap data on Sunday, August 11.
Earlier, the price of the first cryptocurrency rose above $62.50, but at the time the news was written it dropped to $61.01.
Coinmarketcap
Bitcoin recovered about 25% from its fall to $49,800 and is now holding its way back to its previous level and accumulation zone.
Earlier it was reported that the price of Bitcoin fell below the psychological level of $60 thousand.
We remind you that in January the United States took an important step towards legalizing 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.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.