Bitcoin sinks 8% to four-month low, ether slides 9%
Bitcoin fell to $53,918. Ether dropped to $2,855. Concerns about Biden’s debate, potential Democratic replacement, and Mt. Gox sell-off impacted the market.
Tag: Bitcoin
Crypto Talk: Election year economic policies could propel Bitcoin to new heights, predicts Rajagopal Menon of WazirX
2024 is projected to be a significant year for cryptocurrencies with government spending expected to rise, leading to a potential reduction in interest rates. Bitcoin\’s price surge post-halving is driven by factors like institutional demand and cyclical patterns. Rajagopal Menon says no one who has held Bitcoin for more than 4 years has ever lost money. Systematically buying Bitcoin every month, similar to investing in a mutual fund, can be an effective strategy.