Crash

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-recovers-after-historic-crash/" data-wpel-link="internal">Bitcoin Price Recovers After Historic Crash</a><br></p>
<p style="text-align: justify">The historic cryptocurrency crash last week reached a new level on Monday, with Bitcoin’s price dropping to $48,800 according to <a href="https://en.coin-turk.com/binance-restricts-cryptocurrency-trading-in-russia-users-complain/" data-wpel-link="internal">Binance</a> data. The economic collapse in Japan and geopolitical events in the Middle East were thought to have had a significant impact. Nevertheless, BTC has since recovered and is now approaching $60,000.</p> 
<h2 style="text-align: justify" id="why-is-bitcoin-rising">Why Is Bitcoin Rising?</h2> 
<p style="text-align: justify"><a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener" data-wpel-link="exclude">Recent data</a> from the US appears to have had a positive impact on the market. Despite recession concerns and increased expectations from major companies, unemployment claims were lower than expected, which may have significantly influenced the market.</p> 
<p style="text-align: justify">The expectation that the US FED might start lowering <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> rapidly is also believed to have positively impacted the price rise, with Bitcoin quickly recovering from $48,800 to over $55,000. Additionally, news that major US investment firms did not sell BTC despite the drops had a significant effect on the price increase.</p> 
<p style="text-align: justify">Lastly, the Middle East tensions have temporarily calmed, reducing global uncertainties to some extent.</p> 
<h2 style="text-align: justify" id="what-is-bitcoin-s-current-price">What Is Bitcoin’s Current Price?</h2> 
<p style="text-align: justify">After seeing $70,000 last week and a sharp drop, Bitcoin is moving towards $60,000 as the week ends. As of the time of writing, BTC is trading at $58,077, following a 1.70% increase today.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378122" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-btc-usdt-coin-turk-com.png" alt="" width="1835" height="883"></p> 
<p style="text-align: justify">BTC’s RSI indicator has also risen above the 50 neutral zone, indicating increasing buying pressure. BTC’s market cap has risen to $1.143 trillion, while the 24-hour trading volume continues to decline. The trading volume fell by 9.62%, reaching $40.1 billion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-recovers-after-historic-crash/" data-wpel-link="internal">Bitcoin Price Recovers After Historic Crash</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-recovers-after-historic-crash/" data-wpel-link="internal">Bitcoin Price Recovers After Historic Crash</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Price Recovers After Historic Crash

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