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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin may break the value record this year

July, 02 2024
watermark Economic news

Bitcoin, which reached historical highs in March 2024 and then fell significantly, may again approach record levels, according to experts from the analytical firm CCData.


Analyzing the dynamics of the bitcoin exchange rate during the three previous cycles of boom and bust, they came to the conclusion that the current period of growth may continue until the beginning of 2025. Experts noted that the participation of institutional players in the current cycle has changed previous trends, but warned that activity in the cryptocurrency market may decrease in the third quarter, which can cause fluctuations in the bitcoin exchange rate.


«Despite this, the data and past trends are strong enough to suggest that these fluctuations will be temporary, and we are likely to see new records before the end of the year,» the CCData report says.


According to CoinDesk, at Tuesday's auction, the bitcoin exchange rate fell by 0.9% to $62,662. In March, the quotes reached $73,700.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.