Andre!
vip

Bitcoin's Price Rebounds as Funds Leave Exchanges


Bitcoin experienced a drop to a 24-hour low of around $57,250 before recovering to levels over $58,000. The decline in price can be attributed to market anxiety surrounding the upcoming release of U.S. non-farm payroll data and its potential impact on the Federal Reserve's monetary policy. Despite this short-term volatility, cryptocurrency exchanges worldwide now hold just 2.39 million BTC, indicating reduced selling pressure and potentially favoring a bull market if demand continues to grow.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)