The activity in the cryptocurrency market continues at full speed. Although Bitcoin’s record-breaking performance in recent months has made investors happy, things have recently taken a turn for the worse. As of February 28, the asset fell to its lowest level in recent times. However, the developments in recent days have paved the way for the cryptocurrency to recover slightly.
Note: This news and the details in it are not investment advice, it is prepared only for the purpose of providing information about the latest status of the cryptocurrency.
Bitcoin instant value
Bitcoin reached a new record by exceeding $ 109,000 on the morning of January 20. The cryptocurrency, which gained approximately $ 7,000 in value in just one hour, showed a strong rise despite its fluctuating course. However, this momentum did not last long and Bitcoin’s price fell in a short time.
Although the cryptocurrency recovered in a short time and approached the $ 100,000 level again, it has experienced a serious loss of value in recent days. Bitcoin, which was traded at $99,000 on February 21, lost value throughout the week, falling to $85,000 as of February 27 and $79,000 as of February 28. However, it should be noted that the asset recovered somewhat as of March 3 and rose to around $93,000.
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One of the most important reasons for the fluctuations in the cryptocurrency market is the US Presidential Elections. Donald Trump, who served as US President between 2017 and 2021, returned to the presidency after a four-year hiatus. Trump, who defeated his opponent Kamala Harris, became the 47th President of the United States. According to experts, Trump’s impact on the markets will continue to be felt in the coming period.
So, what do you think about this issue? Do you think Bitcoin will be able to reach $100,000? Don’t forget to share your views with us in the comments section.
