Bitcoin heads for its third worst week of the year

) prices extended their losses on Monday, putting the leading cryptocurrency on track for its third-worst week of 2024. Yahoo Finance'sBitcoin siding today, already heading for its third worst week of the year and to break down the currency's moves.

Now there's a couple of reasons why this could be happening first, the Japanese crypto exchange that was hacked more than 10 years ago Mount Gox well, that an exchange announced that it would start repayments of big coin and Bitcoin cash in July. And the markets may also, by the way, be seeing investors preferring to put their money, perhaps to work in other asset classes, especially as we have seen tech outperform this month, sending the markets to new highs.Spot Bitcoins have seen six straight days of out lows, and this is coming after funds are preparing to launch ETF S investing directly in ether.Remember that it trades on a 24 7 basis.Right now we're at 61 just above 61,000.

Source: News Formal (newsformal.com)

Cryptocurrency

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin price prediction – Is $61,000 BTC’s next target on the charts?According to Axel Adler, an on-chain analyst, Bitcoin [BTC] is yet to hit its highest level of demand. He believes that BTC will...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin price struggles to hold $67k, but Bernstein predicts $1 million BTC by 2033The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin miners sell BTC worth $83M – Price to fall below $67k now?Some major Bitcoin mining companies conducted an over-the-counter trade recently and sold a significant volume of BTCs.
Source: CryptoAmb - 🏆 22. / 68 Read more »

BlackRock Bitcoin ETF loses steam: BTC price impact?Led by BlackRock Bitcoin ETF, the inflows have been worth millions of dollars for the last few weeks. For example, on the 10th of June
Source: CryptoAmb - 🏆 22. / 68 Read more »

How Bitcoin ETFs can be a potential catalyst for BTC’s priceBitcoin ETFs saw a notable increase in interest, marked by a surge in inflows. Will BTC continue to see green?
Source: CryptoAmb - 🏆 22. / 68 Read more »

DMM Bitcoin’s $321M buyback – Analyzing the impact on BTC’s priceDMM Bitcoin, a Japanese crypto exchange, encountered a security breach resulting in the loss of $305 million worth of bitcoin.
Source: CryptoAmb - 🏆 22. / 68 Read more »