BTC Recovers $64,000 Mark After Recent Dip

IconCryptoNewsTerminal Staff23 Aug, 2024

cryptonews.jpg

BTC Recovers $64,000 Mark After Recent Dip

According to Cryptonewsterminal market monitoring, BTC has recovered the $64,000 mark after a recent dip. The digital asset is currently trading at $64,583.14 on the Binance USDT market. This recovery comes after a period of consolidation for BTC, which has been trading in a range between $60,000 and $65,000 for the past few weeks. The asset has been buoyed by positive news, including the launch of the first Bitcoin-linked ETF in the United States. Analysts believe that BTC has the potential to continue its upward trend in the coming months. The halving event, which occurs every four years and reduces the number of new BTCs entering the market, is expected to take place in 2024. This event has historically led to significant price increases for BTC.

Related News