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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Why did Bitcoin start a new downward path?

    Rocky
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    • Post n°1

    Why did Bitcoin start a new downward path? Empty Why did Bitcoin start a new downward path?

    Post by Rocky Fri 28 Jun 2024, 6:42 am

    Why did Bitcoin start a new downward path?

    Why did Bitcoin start a new downward path? 47881



    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]


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    Added 06/28/2024 - 2:29 PM
    https://economy-news.net/content.php?id=44709
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