The cost of the first cryptocurrency again exceeded $ 35 thousand. It rises after another collapse that occurred on Saturday
On Monday, June 28, the bitcoin rate on the Binance 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. On Friday, June 25, Bitcoin has already tried to break the $ 35K mark, but to no avail.
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 an ETF 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, the co-head of the trading department at Galaxy Digital, suggested that by the end of this year, bitcoin will update its historical maximum 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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