The cost of Bitcoin increased by 8.18% to 68,284 thousand dollars as of 02:08 Moscow time during the trading session. This is evidenced by site data Binance.
As of 02:13 Moscow time, Bitcoin accelerated its growth and was at $68,484 (+8.50%).
The Bitcoin price was last seen at 68 thousand dollars on November 10, 2021.
Bitcoin price during the February 28 trading session rose It reached 58,215 thousand dollars with an increase of 3.84%.
In early February, Blockwoks announced that the largest American miners we had to We significantly reduced Bitcoin (BTC) production in January due to adverse weather conditions.
Bitcoin transaction volume at the end of August 2023 reached record lows. CryptoQuant’s head of research, Julio Moreno, explained that trading volumes drop in bear markets as retail investors withdraw. He noted that this has happened on most crypto exchanges in the past year. This trend was also influenced by US regulatory measures on cryptocurrencies following the end of the banking crisis in May. Taken together, these factors led to market makers and traders leaving the market.
Former cryptocurrency exchange Binance introduced Restrictions on Russians.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.