Main page News, Bitcoin, Crypto Market

On Thursday, July 8, bitcoin (EXANTE: Bitcoin) accelerated its slide to fall below the $33,500 line. As of press time, the largest cryptocurrency is trading at $33,240.14 (-4.37%), according to Nomics.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

nomics.com

Ether is down by 6.83% to $2,220, while binance coin (BNB) is losing 4.24% at the $319 mark.

FxPro's team of analysts notes it is difficult to say how long this situation will last, since "it is obvious that the miners expelled from China will try to launch their computing power in new territories as soon as possible."

"This is probably one of the reasons why the market is now in the summer calm, as investors want more understanding of what is happening with a single physical metric in relation to the reference cryptocurrency," the analysts added.

South Korea Investigates 33 People Over Illicit Crypto Transactions

Earlier, Visa announced that holders of its crypto-linked cards spent over $1 billion in the first half of 2021. The payment giant added it is partnering with 50 of cryptocurrency platforms on card programs.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.