Bitcoin Price Retakes $21,000 And May Keep Rising Due To These Factors
The Bitcoin price is regaining bullish momentum over today’s trading session, retracing the losses seen early in the week. Once again, the cryptocurrency is under the influence of macroeconomic forces working in its favor for the first time in months. Related Reading: Shiba Inu Off To Weak Start This November As SHIB Faced Selling Pressure In Last 7 Days At the time of writing, the Bitcoin price trades at $21,000 with a 4% profit in the last 24 hours and seven days, respectively. Other cryptocurrencies in the crypto top 10 are displaying similar strength, with Binance Coin (BNB) and....
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The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%.
Economic Revival Efforts Not Bearing Fruit
Rising commodity prices and increased transport costs are some of the key contributing factors behind the surge in Turkey’s inflation rate to 70%, the latest data has shown. On a month-to-month basis, however, April prices are only 7.25% higher, data from the Turkish Statistical Institute (TSI) shows.
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Bitcoin's "rich list" hits an all-time high alongside the meteoric price rally.
It may be the US election fever or it may be something else, but according to Google, the search for the “buy Bitcoin” term on the world's largest source of information platform is on an upward trend. Though the particular factors that may be driving the rising interest has not yet been ascertained, Google analytics show that interest over time is currently at 87 - that’s tipping towards its highest point of 100 between June 12-18. Bitcoin price has reached the $770 mark within the current period. Whether the current ascension, which according to Google kick started in Oct. 22, will....
Despite the dip, these five factors have continued their contribution to bitcoin’s rising price.
Amid crypto prices being on a tear this week, with Bitcoin crossing above $28,000 in the early hours of Monday, the XRP price has done particularly well, rising over $0.54 in the past 24 hours. Apart from the overall market strength, some factors have contributed to XRP’s current strength, ranging from easing legal troubles to […]