New buying the dip in Bitcoin

Bitcoin Market Image The Bitcoin chart remains a horizontal straight line with several down and up ripples over the last five weeks. The price is holding close to $16,8,000 as the intraday 1.6% drop to the $16,55,000 area was quickly reduced in late US trade. The total value of the , crypto markets remains close to $810 billion, a third of what it was a year ago. btc The market may need a real disaster like strict regulation of additional bills. And without such news, current levels remain attractive to buy on the decline of Bitcoin. So many individual projects carry existential risks (which Bitcoin does not) and require the creation of a widely dispersed portfolio of 100 or 500 coins to spread the risk across the portfolio. Meanwhile, BTCUSD’s 50-day moving average fell to $17.1k. The bulls’ task of providing a broad trend signal to break the downtrend becomes easier. But amid this year’s cryptocurrency and regulatory fears, the market needs more liquidity and confidence in long-term potential. Bitcoin News Background According to a survey by IT consulting firm Accenture, only 20% of its clients invest in cryptocurrency. Of those who have already bought digital assets, 28 percent want to hold it for the long term. , approximately 16,000 respondents participated in the survey. The US Securities and Exchange Commission (SEC) has recognized the token of the bankrupt FTX exchange as a security. FTX management manipulates the price of the FTT token by buying large amounts of it on the open market and raising the price. In Brazil, bitcoins could be used as a means of payment and as an investment asset. This position was signed by a law that gave it to the president of the country.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.