Bitcoin retreat with positive news for the market
Bitcoin Thursday, 5, 5, despite some positive news for this sector – JP Morgan preparations to launch the capital of the Stablecoin Circle, opening the Donald Trump Company Bitcoin Index Fund and accepting assets that are connected to Crypts as a warranty. Other cryptocurrencies have also been reduced. For analysts, the fall represents gains.
At about 3:34 PM GMT), bitcoin was in talks at 1.89% US $ 103,202.20, with the Etherium 2.13% backed up and quoted at US $ 2,580.24, Binance Data said.
According to a report from BloombergJP Morgan trading and customers in heritage management are expected to allow some assets connected to cryptocurrencies as a guarantee for loans. The program represents another movement of major American banks towards cryptocurrencies after removing control obstacles in the sector.
Meanwhile, the Stablecoin Circle Station began negotiating at the New York Stock Exchange, which was above its initial public submission (IPO) on Wednesday. Circle Internet Group measures have been removed and negotiations have been temporarily suspended due to excessive volatility shortly after the start.
Another positive news for the sector – but not enough to increase crypto prices – the order registration of the Index Fund (ETF) with the direct exposure of Bitcoin through media and technology by the US president’s media.
Some analysts have recently benefited from the decline of cryptocurrencies. Bitcoin reached a historic maximum of 2,000 112,000 in May. Since then, it has been falling slowly, but mentally significant level is above $ 100,000.
On Friday, Bitphinex analysts notice that the official US job report shows slowdown in the creation of vacancies in May. Deteriorating the conditions in the labor market leads to the federal reserve (Fed) to reduce interest rates earlier, which is often a positive sign for risk assets such as cryptocurrencies.
