Bitcoin has experienced a significant decrease in value, with a 10% decline in recent days. The price of Bitcoin dropped from $63,640 to $56,950, primarily influenced by two key factors. Firstly, the negative unemployment report in the United States contributed to this decline. Additionally, both the German and American governments sold substantial amounts of Bitcoin and Ethereum, further intensifying the drop.
Despite this downward trend, there are experts who believe that this decrease is only temporary. Mow, a prominent figure in the cryptocurrency industry, argues that major holders of cryptocurrencies view these low prices as an opportunity to accumulate more assets.
If you want to stay up-to-date with the latest news in the technology sector, be sure to visit NEWSLINKER, where you can access the most recent technology news and information.
