Bitcoin showed a nice recovery on Monday and is trading at $3,591 at the time of writing. The price of the coin has increased by about 8% over the past 24 hours amid a recovery in the global cryptocurrency market, driven mainly by technical and speculative factors.
Bitcoin enthusiasts are calling to celebrate the tenth anniversary of Bitcoin's genesis block by withdrawing all their crypto assets from exchanges and testing their holders for strength.
Italian authorities have taken measures to protect local investors by temporarily banning investments in two dubious crypto projects. In a special advisory, the National Commission for Social Affairs (CONSOB) identified a number of websites and Facebook pages where it has banned the sale of potentially counterfeit Bitsurge tokens and Green Energy certificates.
Wong Ching Kit, a 24-year-old Cretan millionaire known as Mr. Coin, made it rain dollars in one of the disadvantaged areas of Hong Kong. He managed to shower people with Hong Kong dollars from the roof of a high-rise building before the police arrived and he was detained for violating public order.
A pullback from yesterday's highs will return altcoin prices to the nearest support level.
The CEO of a company that plans to build a data center for cryptocurrency mining west of Butte, Montana, isn't worried about the price of Bitcoin, which has fallen to nearly $3,200. In fact, Power BLock Coin LCC co-founder Aaron Tilton believes that the price reduction could benefit some miners.
Shares of Facebook, Amazon, Apple, Netflix and Google have collectively lost more than $1 trillion in market capitalization. dollars. Collapsed from their all-time highs, marking an even greater loss in dollar terms than all cryptocurrencies combined in 2018.
Target correction levels were achieved yesterday and today, during the day, a rollback from the overnight highs is planned
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