Home
Why did Bitcoin start a new downward path?
money and business
Economy News - follow up
[rtl]The encrypted digital currency "Bitcoin" recorded its lowest level in about two months, which opened the door to many questions about the reason behind this decline, and whether the general trend of "Bitcoin" movement will remain bearish.[/rtl]
[rtl]According to data from the CoinGecko platform, which was reviewed by Al Arabiya Net, Bitcoin fell during Thursday’s trading to its lowest level since May 2, after a group of selling pressure factors affected it, as Bitcoin was traded at $60,871.[/rtl]
[rtl]The world's largest cryptocurrency by market cap is down more than 10% so far this month, but it is still very much higher than its levels over the past year, up almost 100% over the past 12 months.[/rtl]
[rtl]In contrast, Bitcoin is still down more than 17% from its record high of $73,798, which was recorded in mid-March.[/rtl]
[rtl]Other cryptocurrencies, such as Ethereum and Solana, fell by 0.6% and 0.2%, respectively, during Thursday’s trading.[/rtl]
[rtl]News reports published by British media said that digital assets failed to correlate with stock indices, which remained buoyant this week, as the S&P 500 and Nasdaq Composite index closed higher at the end of trading on Wednesday.[/rtl]
[rtl]According to market sources, during the past week, several factors emerged that led to increased selling pressure on Bitcoin, including the announcement by the Mt.Gox exchange that its creditors will begin receiving payments totaling about 142 thousand Bitcoin, with a value of approximately 9 billion dollars, starting in July. That is, within days from now.[/rtl]
[rtl]Investors remain wary about the possibility that these creditors will begin dumping newly redistributed bitcoins on exchanges after waiting more than a decade to receive them.[/rtl]
[rtl]Last Tuesday, an analysis conducted by Arkham Intelligence showed that the German government recently transferred $24 million in confiscated Bitcoin to cryptocurrency exchanges. These Bitcoin transfers originated from a wallet connected to the German Federal Criminal Police Office, and are believed to be linked to the 2013 seizure of approximately 50,000 Bitcoins from a movie piracy website.[/rtl]
Views 22
Added 06/28/2024 - 2:29 PM
https://economy-news.net/content.php?id=44709
money and business
Economy News - follow up
[rtl]The encrypted digital currency "Bitcoin" recorded its lowest level in about two months, which opened the door to many questions about the reason behind this decline, and whether the general trend of "Bitcoin" movement will remain bearish.[/rtl]
[rtl]According to data from the CoinGecko platform, which was reviewed by Al Arabiya Net, Bitcoin fell during Thursday’s trading to its lowest level since May 2, after a group of selling pressure factors affected it, as Bitcoin was traded at $60,871.[/rtl]
[rtl]The world's largest cryptocurrency by market cap is down more than 10% so far this month, but it is still very much higher than its levels over the past year, up almost 100% over the past 12 months.[/rtl]
[rtl]In contrast, Bitcoin is still down more than 17% from its record high of $73,798, which was recorded in mid-March.[/rtl]
[rtl]Other cryptocurrencies, such as Ethereum and Solana, fell by 0.6% and 0.2%, respectively, during Thursday’s trading.[/rtl]
[rtl]News reports published by British media said that digital assets failed to correlate with stock indices, which remained buoyant this week, as the S&P 500 and Nasdaq Composite index closed higher at the end of trading on Wednesday.[/rtl]
[rtl]According to market sources, during the past week, several factors emerged that led to increased selling pressure on Bitcoin, including the announcement by the Mt.Gox exchange that its creditors will begin receiving payments totaling about 142 thousand Bitcoin, with a value of approximately 9 billion dollars, starting in July. That is, within days from now.[/rtl]
[rtl]Investors remain wary about the possibility that these creditors will begin dumping newly redistributed bitcoins on exchanges after waiting more than a decade to receive them.[/rtl]
[rtl]Last Tuesday, an analysis conducted by Arkham Intelligence showed that the German government recently transferred $24 million in confiscated Bitcoin to cryptocurrency exchanges. These Bitcoin transfers originated from a wallet connected to the German Federal Criminal Police Office, and are believed to be linked to the 2013 seizure of approximately 50,000 Bitcoins from a movie piracy website.[/rtl]
Views 22
Added 06/28/2024 - 2:29 PM
https://economy-news.net/content.php?id=44709
» utube 6/26/24 MM&C IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-
» Iraq's oil exports to America increased within a week
» Construction defines the goal of the Ali Al-Wardi City project.. How many paragraphs does it include
» Services Iraqis "want" to live in Kurdistan... Cheap housing and security are available
» Iraq's agriculture flourishes again.. Farmers fight drought and the Gulf "melts" its crops
» Planning announces the conclusion of five contracts to implement service projects in two governorate
» Amin Al Iraq Bank: We were unable to increase our capital
» Launch date of the electronic visa program for foreign workers in Iraq
» Najaf resumes work on the electronic system
» Al-Hakim: The revolution of the 1920s established the foundation for building a modern state away fr
» Al-Sudani: We are keen to provide decent means of living and issue directives and legislation, the l
» Al-Bujari announces the imminent reopening of Al-Wasiliyah Port in Basra
» Basra Council announces receipt of 2024 projects plan
» Today.. Announcing the winning investor of the "Baghdad Metro"
» Foreign Ministry rejects US statements against the head of the Judicial Council
» A conference to present investment opportunities for mining and industrial cities
» Iraq ranks seventh in the world in sustainable development
» The Prime Minister launches a package of development projects in Al-A'dhamiyah
» Accelerated government steps to attract investment
» Next August is the date for completing the finishing works of the {immersed tunnel}
» Exceptional measures to relieve the displaced
» Provincial council election employees without pay
» Official commendations for the excellence of competencies in the media network
» For the investment to be fruitful
» Planning: Markets are “stable” and food security has improved due to the food basket
» Al-Mandlawi: Congress's draft law against the head of the judiciary is an attack on Iraq's sovereign
» Despite service spending and budgets, a visual area devoid of schools, roads, and health facilities
» Unsound profit-making projects are being “blackmailed” by officials.. Private universities in Iraq “
» Strategic position: Iraq ranks 11th among the countries most affected by terrorism
» Kurdistan Finance announces sending payrolls of the region's employees to Baghdad for the month of J
» Is the Sudanese government serious about expelling the Americans?
» MP identifies positive points in Chinese agreement: “best for Iraqi economy”
» Quotas and the position of the president.. “Achilles’ heel” increases the yield of the “lean seven”
» The Kuwaiti Mubarak Port is economically useless without a railway port through Iraq
» Planning: Granting the job number to more than 3 million and (600) thousand employees
» Sudanese directs the establishment of museums for national and cultural symbols
» Al-Sudani: The Iraqi press played an important role in difficult times
» Iraq transfers $1 billion abroad in a week
» Al-Sudani announces the allocation of 182 billion dinars to expand Abu Hanifa Mosque
» An increase in Iraq's oil exports to the United States
» Stability of green currency prices in Baghdad
» Bar Association: The American targeting of the judiciary confirms its Iraqi national commitment
» Launching an increase in salaries for retired workers in July... and stopping health care coverage t
» The beginning of a long negotiation process.. Baghdad hosts an "expected" Syrian-Turkish meeting
» The Najaf Court of Appeal begins electronic work with the systems for issuing legal arguments and di
» Al-Sudani announces the allocation of land to establish a residential complex for the journalistic f
» Economist reveals the main factors that influenced the implementation of the Maronites
» The energy equation: simple calculations and complex facts... turbine burden and transportation and
» Fake travel companies steal Iraqis' dreams and leave them in a spiral of frustration
» New Electricity Law and Its Intractable Problems
» Starting the procedures for converting agricultural buildings into residential buildings in Anbar
» Parliamentary Communications: Korek is delaying payment of its debts to the state
» Parliamentary Committee Reveals Reasons for Obstructing Oil and Gas Law
» A representative from Basra calls for activating the Iraqi-Chinese agreement
» Al-Tamimi warns of the fourth Turkish invasion of northern Iraq
» Investment: Iraq has become an important economic destination in the region
» Danger Threatens Iraq.. Civil Organizations Launch Awareness Campaign to Combat Drugs in Erbil (Phot
» Baghdad goes into a state of alert... information about a threat to target water projects with “pois
» The dollar opens the week slightly higher in Baghdad and Erbil
» "100,000 foreigners"... Oil companies manipulate the law on employing Iraqis
» Baghdad sends an “important” invitation to generator owners regarding operating prices
» The US State Department offers a $5 million reward for information about the “Crypto Queen”
» The Prime Minister visits the city of Adhamiya and launches a group of service projects to develop i
» Iraq is coordinating with 24 countries to recover nationals of the “most dangerous camp”... 45 thous
» Baghdad complains about "landfills" and tops the list of "polluted air"
» Investment and service projects turned into a source of funding for parties: Security forces failed
» 9-point incentives for greater change in “agricultural patterns” in Iraq
» "Wanted" by the Iraqi judiciary.. How will the government deal with the next US president?
» Connecting Iraq to Saudi Arabia.. Al-Amar announces the completion rates of the land Hajj route
» Al-Muthanna... Integrity monitors waste in transportation projects
» Energy Police announces the final elimination of oil derivatives smuggling
» Al-Sudani: Iraq is a safe and attractive environment for capital
» Parliamentary Committee: Service institutions in Iraq are “incapable” of service
» Minister of Justice announces the imminent granting of electronic bonds to citizens in the real esta
» Work: The salary of the full-time appointee for the month of June will be paid early next week
» Report: A new political initiative to resolve the crisis of the position of Speaker of Parliament
» MP Alia Nassif withdraws from Maliki's coalition
» Formation of a government committee to respond to the UN human rights report
» Sudanese launches a group of service projects in the Adhamiya area
» The Sudanese advisor confirms the state’s adoption of providing sovereign guarantees for private sec
» At a rate of 3.5 million liters... the start of super gasoline production in the northern refineries
» The exchange rates of the dollar against the dinar in Iraq today
» A new development “undermines” the justification for raising prices.. Will super gasoline be reduced
» The Parliamentary Committee for Displaced Persons confirms the “impossibility” of closing the displa
» Will the state adopt the provision of sovereign guarantees to finance private industrial projects?
» Why did Bitcoin start a new downward path?
» MM&C Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation
» Austria supports deportation of immigrants, including Iraqis, to their country
» Parliamentary Oil Committee comments on the failure of producing provinces to receive petrodollar du
» Al-Badri: The Aqaba pipeline represents a reward for American companies
» Al-Lami: Parliament is dying because of the Sunni parties
» The second within a week.. The Council of Ministers issues decisions related to investment, heritage
» Integrity monitors waste by building residential homes in a company affiliated with the Ministry of
» Al-Awadi: The Council of Ministers approves contracts with private sector companies to supply energy
» As a result of the security prosecution...a parliamentary committee indicates a decrease in oil smug
» Iraq announces the inclusion of 3,500 workers in optional social security during 2024
» Al-Sudani's advisor gives good news to young people: Many job opportunities await you
» The President of the Republic approves the 2024 Budget Law schedules