Quote from: Out of mind on Today at 02:58:04 AM

Quote from: Obi-Ejike Banito on July 16, 2024, 08:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

After the attack on Donald Trump, the Bitcoin market rose to a much higher level, at which time the price of Bitcoin reached $68000. However, the market is currently bearish, and the Bitcoin market has moved much lower today than in the past few days. Most people here think the market is going down because of President Biden's resignation, the 24-hour high of $67000+ and the low of $64000 in that case the market position is much lower in the span of a day. In that case, according to the market chart, the price of bitcoin is likely to dump a little more, but the market is expected to return to the previous position.

I thought that the market is going to be strong even if there is a big of news about Mt. Gox repayment. But it seems that it already takes it's toll on the market in the last 8 hours time frame as surprise, surprise we have been seeing a incoming dump at $64k.

However, I don't see anything like that it will go down to $54k like when then news of the German dump. As far as I know, Mt. Gox is not going fully dumping and it will take months and a step by step repayment scheme although it is worth billions.