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Bitcoin price has risen by $ 5 thousand in two days

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Bitcoin price

Bitcoin has risen in price by $ 5 thousand in two days

Bitcoin price again exceeded $ 35 thousand. It rises after another collapse that occurred on Saturday.

On Monday, June 28, the bitcoin rate on the Bitxmi.com crypto exchange again exceeded $ 35.2 thousand. Over the past two days, the cryptocurrency has risen in price by $ 5 thousand. The last wave of asset value growth began after its price fell to $ 30.1 thousand on June 26. Last Friday, June 25, Bitcoin has already tried to overcome the $ 35 thousand mark, but to no avail.

Possible reasons. Opinions

Last week, analysts at the investment bank JPMorgan predicted that the value of bitcoin could drop to $ 25 thousand. Experts explained that the drop in quotations could be triggered by a possible sale of shares of the Grayscale Bitcoin Trust bitcoin fund after the six-month blocking period.

The Grayscale Bitcoin Trust functions similarly to ETFs in that it is secured and priced at bitcoin. It is not registered with the US Securities and Exchange Commission (SEC), so only accredited investors have access to it.

At the same time, Jason Urban, co-head of the trading department at Galaxy Digital, suggested that by the end of this year, bitcoin would update its all-time high and reach $ 70 thousand. According to Urban, the negative news background that is now observed on the crypto market will dissipate by the fall.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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