The price of the digital currency “Bitcoin” rose during today’s trading to $ 24,000 for the first time in two weeks, which is the highest price it has reached since mid-August.
Investors have liquidated nearly $70 million in bets, according to data aggregator GlassNode. Bets have grown on a drop in the price of “Bitcoin”, following a series of strict US regulatory measures this month on crypto services.
Recent US moves, such as halting the issuance of the stablecoin Binance USD, have created new uncertainty for digital assets. The restrictions are also among the reasons that slowed cryptocurrency’s recovery from the 2022 slump.
Earlier, the head of research at “Arkan Research” Benedik Ski wrote, in a note, that “Bitcoin may enter a hibernation once more,” noting that there are signs of declining institutional participation, such as a decline in open positions in futures contracts for the “CME Group.” “.
