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Why is bitcoin going down today

Bitcoin drop in price

What is a central bank digital currency? 

Bitcoin investors expect a strong recovery in the cryptocurrency later this year but say its price could continue to chop for the next few weeks given macro and geopolitical pressures. Why is crypto going up today Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

Why did bitcoin weeks

This counterintuitive phenomenon is caused by “selling the news,” or the act of profit-taking by shareholders after good news breaks. Active investors might opt to take the short-term profits of good news instead of holding on for future gains. It’s not an act that’s inherently harmful when done by an individual, but a large group of traders selling their shares at once can easily influence prices. Become a member Following the robust ISM data, the yield on the 10-year US Treasury note surged to 4.3% on Monday, marking its highest level since reaching an over-three-month high of 4.34% on March 18th.

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Bitcoin has proven extremely divisive - and while critics dismiss it as a worthless, speculative asset, industry leaders argue that it represents the future of finance. Crypto Markets Add $200B in 4 Days as Bitcoin (BTC) Soars to 2-Week Peak (Market Watch) According to historical data at Investing.com, Bitcoin’s price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!

Bitcoins massive rise and what comes next

Overall, Bitcoin's maximum supply stands at 21 million - and enthusiasts argue this scarcity is what makes it so valuable. Alternative Investing Options This week the protocol designed by Nakamoto – an individual or group of individuals who went silent in December 2010 – will trigger what is known as a “bitcoin halving”, a process that has coincided with price increases in the past. The latest halving is expected to take place on Saturday.
Why did bitcoin weeks