Back
Bitcoin failed to keep the $ 40,000 mark and began to fall
BTC has lost about 7% from its recent high of $ 42,500
Aug 3, 2021
1 min read
Anna BakkerNews analyzer

A short-term pullback was expected, but there is no clear idea yet whether there will be further decline or growth will continue. Experts believe that the sideways trend for the main cryptocurrency will continue by the end of August.

At the same time, China continues to put pressure on miners and crypto traders, tightening control over their activities.

To reduce the scale of cryptocurrency trading, the Chinese regulator wants to speed up the launch of the digital yuan. According to the central bank, this is a great alternative to bitcoin.

In South Korea, regulation of the cryptocurrency industry is also tightening, and small cryptocurrency exchanges have begun to close due to suspicions of illegal activity.

The situation in the cryptocurrency market is further complicated by the fact that other regulators are also putting pressure on major exchanges, including Binance. This situation will impede the growth of digital currencies.

In the context of the instability of cryptocurrencies, the right decision would be to invest in AI technologies of trading robots.

Last article
Read other articles
Peter Janssen Market expert
Bitcoin continued to fall on Saturday, dropping below $34,000 in a short period of time
Jan 24, 2022
1 min read
Peter Janssen Market expert
The dollar rose sharply, while stocks and cryptocurrencies fell after the release of US inflation data on Thursday, which updated records for 40 years
Feb 10, 2022
1 min read
Anna Bakker News analyzer
Bitcoin ends lucky October with second fastest gain in eight years
Nov 1, 2021
1 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits