Analysis: Three reasons why Bitcoin fell below $ 11,000 for the first time in a month.

09月
04
2020-9-4 01:31
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Coindesk published an article on September 4 that showed three factors that caused Bitcoin to drop below $ 11,000 for the first time in a month. Analysts point to one in which Bitcoin falls with the traditional market. Second, cryptocurrency traders have ignored the recent sentiment for financial transactions (DeFi). Most of this happened on Ethereum, which fell 8.3% on Thursday. Bitcoin Falls When DeFi Ends Third, miners have sold some of their bitcoin following reports of an increase in bitcoin trading for exchange wallets, which is seen as a harbinger of 'high market volatility.

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According to an AMBCrypto report from September 4, the Governor of the Bank of England, Andrew Bailey, recently indicated that stablecoins, bitcoins and other cryptocurrencies are difficult and inadequate for the public to use for payments. Financial direction. For stablecoins to be widely used as a form of payment, they must meet the same standards as other payment and transfer methods today. Bailey also called on the G20-approved governing body to review and clarify the rules for securing coins. He said all British pound-backed coins would have to meet current banking standards and he would consider the need for the UK agency if they so wished.
2020-9-4 01:23

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