Against the backdrop of growing international tension, Bitcoin reached a new high above $ 3900
Today, Bitcoin reached a new record high, breaking the previous record, he reached $ 3934.86 before retreating. Bitcoin, currently, costs $ 3,836, according to CoinMarketCap.
The new maximum of the crypto currency has increased its market value to $ 63.7 billion, while the whole ecosystem of crypto currency costs $ 135 billion. In the last 24 hours, Bitcoin's cost has grown by 7.44%, it now occupies 46.49% of the market. Back in July, Chief Analyst Goldman Sachs Sheba Jafari predicted that Bitcoin's price would drop to about $ 1,850 before setting a new record. According to this forecast, the Crypto currency can reach $ 3,915 before it stops growing. And I must say that the analyst even slightly reduced the possibilities of bitcoin, which today reached the level of 3938.
Some predict that Bitcoin could soon reach a new level of $ 4,000. Although it is unclear what will happen next, some certain factors affect Bitcoin's growth.
The growing tensions between the US and North Korea
According to the South China Morning Post, some investors use crypto currency as a means of saving, so the tension between the United States and North Korea is growing more and more.
Investors use digital currencies because their independence from any central authority is protection from central banks and governments, which means that if North Korea and the US enter an open military conflict, Bitcoin will not suffer from possible consequences such as high inflation, weakening Currency or control over the movement of capital.
As CEO of InvestFeed Inc Ron Chernecky (Ron Chernesky) said:
"We see investors transfer their funds to digital currencies, as they try to diversify their risk in the event of a serious downturn in the market."
Recently, North Korean leader Kim Jong-Un threatened the launch of four intercontinental ballistic missiles (ICBMs) on Guam Island, in the western Pacific. In response, Donald Trump said that he "will quickly regret it," if he continues to threaten the United States. Countries like Canada call on both countries to de-escalate the situation.
Bitfinex stops serving customers from the US
The popular currency exchange Bitfinex recently announced that it will no longer serve customers from the US. According to the statement, the exchange no longer accepts individual requests for verification.
The exchange added that they wanted to do this even earlier, but now that they have difficulties with accepting deposits and withdrawing funds in dollars for US citizens, they believe that it's time to stop serving US customers.
They stated:
"We regret to inform you that we no longer accept requests for the verification of individuals from the United States. For some time, we are planning to exit the US retail market, and now with the termination of acceptance of verification requests and the constant difficulties in providing deposits and withdrawals for individuals from the US, we believe that it is time to begin to stop servicing retail customers from the US "
This decision was made because a significant part of their resources goes to US users, while they receive only a small part of their income.
This step effectively limits liquidity and creates a sense of deficiency, which in the future will lead to a bull market.
Incredible but I love it!
Very good post. 😉
Up, up and up.
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STOPMy friend, a kind reminder here.
#cn tag is stand for chinese.
However, no chinese was detected in this article.
Please use wisely for your tag,thank you.