- July 1, 2021
- Posted by: Stratford Team
- Category: Business
Jesse Powell reacts to Bitcoin’s surge in the markets after brief dip below $30K.
Bitcoin was trading more than 4% lower Thursday morning.
The price was around $33,519 per coin, while rivals Ethereum and Dogecoin were trading lower around $2,127 and 23 cents per coin, respectively, according to Coindesk.
Bitcoin has had a rollercoaster year so far, hitting a record high just shy of $65,000 in April – and now at the halfway point of the year was up around 20% year-to-date, according to Reuters.
The topic of El Salvador and Bitcoin remains hot. A top U.S. diplomat said Wednesday that she hoped the International Monetary Fund (IMF) would complete a financing agreement following the Central American country’s dramatic move to make bitcoin a legal tender.
BITCOIN, CRYPTOCURRENCIES RISE DESPITE BINANCE SNUB
President Nayib Bukele’s proposal to embrace the cryptocurrency has already been approved by El Salvador’s Congress, making the country the first in…
