Bitcoin, the world’s largest cryptocurrency in terms of market value, has increased by 0.82% in the last 24 hours and is traded at $ 26 thousand 453. Bitcoin, which went up to $ 27 thousand 394 in the past week, is trying to hold on to the $ 26 thousand band.
On the other hand, the rise in the price of Ethereum, which ranks second in terms of market value and has successfully completed the Shanghai update on the blockchain in the past months, is relatively higher: Ether, which has increased by 1.51 percent since yesterday, is changing hands at $ 1,813.
Other major cryptocurrencies, on the other hand, are generally flat: Binance Coin (BNB) recorded small increases of 0.25%, Cardano (ADA) of 0.01% and Dogecoin (DOGE) of 0.29%, while XRP recorded small increases. has increased by 3.58 percent.
There is a possibility that Bitcoin will drop as low as $24,700. It should be evaluated in the direction of purchase and long-term.
Economist Beste Naz Süllü, who participated in the Last Session program on Ekotürk television and made evaluations on the subject, said, “There is some pressure in Bitcoin: As a result of this pressure, there is a possibility that the price of Bitcoin will fall to 25 thousand 500 and with a small probability to 24 thousand 700 dollars. It is necessary to evaluate them in the direction of purchase and in the long-term,” he says.
Legislation in Hong Kong will mobilize Asian traders
Reminding that the new legal process regarding crypto trading has started in Hong Kong as of June 1, Süllü said, “Hong Kong will launch a very serious licensing service. So we’re going back to Asia again. Unlike everyone else, I think 2024 will be the year of Asia. Especially starting with the One Belt, One Road project… Money is in Asia. The removal of this uncertainty in Hong Kong will mobilize Asian traders,” he says.
Emphasizing that an Asian whale bought $271 million worth of Bitcoin two days ago, and that Tether, the world’s largest stablecoin firm, will buy $222 million in Bitcoin, Süllü says that both institutions and whales are in the position of buying Bitcoin.
Bitcoin broadcast on Chinese state television
“However, the television of the People’s Republic of China, which has taken a firm stance on crypto money, broadcast about Bitcoin for the first time and gave the price of Bitcoin,” said Süllü. banned and imprisoned. It was a small step for humanity, but a huge step for the crypto world.”
On the other hand, there is some upward movement in the stock markets: The technology stock market Nasdaq increased by 1.71 percent yesterday, the S&P 500 index increased by 0.88 percent, while the Dow Jones decreased by 0.11 percent.
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