Bitcoin Rises Above $26,000 Again! What is the Source of the Ascension?

After FTX announced its cryptocurrency holdings Bitcoin and altcoinIn 2017, there was selling pressure from FTX and withdrawals in the market.

at this point BTC While it fell below $ 25,000 after a long time, significant retreats were also seen in altcoins.

However, there was an increase in Bitcoin and altcoins in the last minutes and BTC rose above $ 26,000 again.

Although the source of this rise is not fully known, Bank of England deputy governor Sarah BreedenIt is considered to be due to the positive statements of .

Sarah Breeden stated in her statement that cryptocurrencies should not be considered as gambling and said:

“Cryptocurrencies are better considered within the framework of financial services rather than gambling.”

up to $26,330 Bitcoin At the time of writing, it continues to be traded at $ 26,157.

*Not investment advice.

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