The recent rapid growth of Bitcoin has suddenly changed to an equally sharp decline. On August 14, according to coinmarketcap, the cryptocurrency exchange rate was $10,611.
The Bitcoin exchange rate again suffered losses this week after the sale on Monday and Tuesday, as traders hurried to record profits earlier this month.
As the latest Bitcoin news reports, at the time of writing this article, Bitcoin is tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details at $10,611, down 6.60% in the last 24 hours and 9% in the last week.
After a rapid rise to the maximum of $12,600 in early July, BTC has been subjected to a huge influx of consumer pressure, which has forced it to fall in price.
It has always been a mystery what causes Bitcoin fluctuations, but analysts note that this decline could be triggered by the recently released cryptocurrency assets tax bill.
Despite the recent increase, Bitcoin cryptocurrency dropped to $10,600. Let us remind you that a few days ago, on August 10, a well-known trader and author of the bestseller on altcoins, Nick Patel, conducted a social survey on Twitter regarding the value of the second-largest cryptocurrency in terms of capitalization, Ethereum.
Editor: Yulia Krasnaya