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Tag: Bitcoin

Bitcoin drops below $70K

In a dramatic turn of events on Friday, Bitcoin's value plummeted below $70,000, triggering a wave of uncertainty across the broader cryptocurrency market. The sudden change in sentiment, with hopes for lower U.S. interest rates dashed and a significant drop in GameStop shares adding to the gloom, vividly illustrates the volatile nature of the cryptocurrency…

June 8, 20240Comments

Byrwandatechnews

Global News

Bitcoin record high

The leading cryptocurrency recently achieved a record-breaking milestone by reaching an unprecedented value of over $69,000. This surpasses its peak in November 2021 before experiencing a decline to $16,500 in 2022. The resurgence in Bitcoin's price is attributed to significant investment from U.S. financial powerhouses. Carol Alexander, a finance professor at Sussex University, believes Bitcoin's price…

March 5, 20240Comments

Byrwandatechnews

Ideas

US Finance Giants Bitcoin

As Bitcoin approaches its all-time high, the spotlight turns to the significant influence wielded by US finance giants such as Grayscale, BlackRock, and Fidelity. These investment powerhouses channel billions of dollars into Bitcoin, solidifying their status as the new 'Bitcoin whales' in the cryptocurrency sea. This influx of institutional investment marks a pivotal shift in…

March 1, 20240Comments

Byrwandatechnews

Bitcoin drops below $70K

Bitcoin record high

US Finance Giants Bitcoin

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