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The price of Bitcoin touches about 45 thousand dollars, with the acceleration of purchases

The price of Bitcoin touches about 45 thousand dollars, with the acceleration of purchases

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Answer The price of Bitcoin touches about 45 thousand dollars, with the acceleration of purchases

Bitcoin rose above the $44,500 level and is still trying to break the $45,000 resistance and the weekly close above it.

According to recent reports, the recent rise of Bitcoin has been fueled by large purchases such as a Bitcoin purchase transaction of at least $3 billion.

The price of Bitcoin rose and reached new levels not seen since March 3rd.

It is also possible that it fueled the recent rise of Bitcoin, the announcement by Project Terra to allocate a huge amount of 10 billion dollars to Bitcoin, and it was seen sending Tether to the Terra wallet dedicated to this purpose with an estimated value of about 750 million dollars.

Read:Malaysian Ministry of Communications Proposes Adoption of Cryptocurrencies as Legal Tender

Du Kwon, the co-founder of Terra, initially announced a $10 billion target to back the new stablecoin with dollars.

Liquidity continues to flow into Bitcoin, and the mood among traders is towards confidence that Bitcoin will rise further.

The trader nicknamed “trader Pentoshi” indicated that many investors are targeting bitcoin and adding it to their portfolios, but at levels below $40 thousand.

Speaking of Terra planning to buy from the fixed supply of Bitcoin, he stated:

If 2500-3000 bitcoins are acquired daily over a long period of time then that means a big impact.

In addition to all of the above, there are some rumors of $1.5 billion in interest generated from a $1 billion 10-year bond offering, while Salvadoran President Najib Bukil has remained candid on social media and reported that U.S. lawmakers have stepped up their investigations into El Salvador’s adoption of Bitcoin. , which is what we referred to in previous articles on Arab Bitcoin.

Read:The Art of Capital Management… How to Determine the Size of a Trading Position in the Crypto Market

Read also:

Binance launches first DeFi project on its mobile platform

Rio de Janeiro will allow taxes to be paid using crypto from 2023


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