Bitcoin After falling below the mark on Wednesday, it climbed above $30,000 on Wednesday Major sell-off of coins And other cryptocurrencies one day in advance.
according to Coin indicatorAt 12:21 AM Eastern Time on Wednesday, the price of Bitcoin rose 7.74% in 24 hours to $32,044.
Other cryptocurrencies have also rebounded, including Ethereum (up 20.39%) and XRP (up 7.94% over the same period). Dogecoin There was also a rebound of 18.08%.
Tuesday was the first time Bitcoin fell below the $30,000 mark since June 22, after reaching a high of nearly $65,000 in mid-April.
according to ForbesAccording to reports, the decline in currency prices occurred after a suspension and termination letter was sent to the crypto lending company BlockFi, which ordered it to suspend all interest-bearing accounts of the New Jersey Attorney General. NBC Finance Channel.
When the price of Bitcoin and other currencies is falling, market speculation is an uneasy sentiment about Bitcoin. Coronavirus disease pandemic A blow to the economic recovery may be the culprit. However, the reasons for currency fluctuations at the time were unclear.
Vijay Ayyar, head of cryptocurrency exchange Luno Asia Pacific, told CNBC, “In general, there are currently many macro factors that depress risk assets-inflation concerns, new crown pneumonia and cryptocurrencies. We have more specific information such as more supervision. Concerns like supervision.”
In recent months, several global crackdowns on cryptocurrencies have been pushing currency prices down, especially in China, and cryptocurrency exchanges Binance It is also under tremendous pressure from global regulatory agencies.
Photo: Pixabay
