Source: Bloomberg
Author: SUVASHREE GHOSH, Olga Kharif
Bitcoin has fallen for the third consecutive day. The digital assets have been the lowest level since February. The challenges include a wave of twists and turns in the US elections and showing signs of tokens that the German government's seizure of the German government has been transferred to the exchange.
Bitcoin fell 4.3%on Thursday. London time was 10:38, and Bitcoin recovered some of the land, down 3%to 57,680 US dollars.Small tokens, such as Solana and dog coins, have also fallen.
Global market investors are all playing, preventing 81 -year -old US President Joe Bayeng in order to withdraw from the re -election campaign.One possibility is that the Democratic Party has a stronger competitor that makes the Republican Donald Trump even more sad, and the Trump's agenda is conducive to the cryptocurrency industry.
"There may be a stronger Democratic candidate replaced Biden, and this person may not support cryptocurrencies, which is an influencing factor," said Richard Galvin, co -founder of hedge fund Digital Asset Capital Management."The biggest reason for Bitcoin weakness in the short term is that MT.GOX's hanging is not decided and the government sells."
Recently, traders have been weighing the risk of being detained by the United States and German governments.Data from Arkham Intelligence showed that a wallet related to German countries transferred to the exchange to an exchange of about $ 75 million on Thursday, which was the latest of a series of transfer.
In addition, the trustee of the MT. GOX exchange is returning a large number of Bitcoin to the creditors in stages.The speculators are not sure how many Bitcoin worth of this batch will eventually be sold.
