Saturday, December 3, 2022

Bitcoin stops falling

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On the trading platform of the US crypto trader Coinbase, a bitcoin cost around $29,850 on Wednesday morning, around 5 percent less than a week ago. Just under a week ago, $25,338 was the lowest level since July 2021. The market capitalization of the “crypto key currency” fell within the last seven days by another around 10 billion dollars to almost 570 billion.

The fact that the Bitcoin price is holding up better than the rest of the market is also registered in the trading room of Crypto Finance in Zug: “Since the market was recently in sell-off mode, we saw a large rotation in Bitcoin,” says a current market commentary. Investors are keen to get out of riskier digital assets.

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