Bitcoin Price Has Risen by $1,000 in 20 Min

Author & Guarantor: Anton Yurchenko

The first cryptocurrency won back part of the losses after at the moment its value dropped to $ 31.5 thousand.

Source: leadership.ng

On the afternoon of July 14, bitcoin rose in price by $ 1 thousand, to $ 32.5 thousand per coin. The first cryptocurrency is traded at $ 32.3 thousand, having fallen in price over the past day by 2.7%. At the moment, the bitcoin rate dropped to $ 31.5 thousand, but he had already won back part of the losses.

Bitcoin is getting cheaper after the Chinese province of Anhui announced the closure of all mining farms in its territory. After the announcement, the price of the first cryptocurrency fell below $ 32 thousand for the first time since June 27. By now, about 90% of mining companies in China have ceased operations.

Bitcoin trading volume hit its lowest level since December 2020. Bitcoin volatility also dropped to a local minimum. Crypto-Auditor noted that a similar situation was observed in the summer of 2020, as activity on the leading spot exchanges was low.

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