Bitcoin rate may rise to 73-75 thousand dollars. This opinion was expressed by BitRiver financial analyst Vladislav Antonov: transmits “Russian newspaper”.
Antonov said, “If there is no significant negative news and current market conditions continue, growth may reach around 73-75 thousand dollars.”
It is noted that the value of Bitcoin has increased by 70% since the beginning of 2024. Factors behind the sharp growth include uncertainty in the global economy and rising demand for Bitcoin ETFs (exchange-traded funds that hold securities based on a sector, commodity or index).
Also, the cost of Bitcoin has been revealed reached $72,000 on Monday, March 11. It is stated that as of 14:50 Moscow time, the cryptocurrency rate was $ 72,226, but as of 14:58 Moscow time, this figure dropped to $ 71,530.
At the same time, Bitcoin trading volume at the end of August 2023 was at record lows. CryptoQuant Research Manager Julio Moreno explainedTrading volumes decline in bear markets as retail investors withdraw. He stated that this is happening on most crypto exchanges in 2022. This trend was also influenced by US regulatory measures on cryptocurrencies following the end of the banking crisis in May.
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