Reported about 1 year ago
Bitcoin experienced a significant drop to its lowest point since February, trading around $55,561 amidst concerns of higher interest rates and political uncertainty. The fall was described as a 'liquidation event' by TheStreet Pro, while reports indicate German authorities are planning to sell some of the 50,000 bitcoins seized from online criminals. Despite the decline, cryptocurrency market data provider CCData predicts that bitcoin has not yet peaked in its current appreciation cycle and could reach a new all-time high, fueled by institutional capital influx and growing interest from major entities like Robinhood and Sony in centralized exchanges.
Source: YAHOO