Bitcoin faces pressure from Germany, đ©đȘ
I tell you
The price of the digital currency is approaching USD 60,000, but there are conflicting views on the direction it will take in the coming weeks.
This week the bitcoin (BTC) market continued to face pressure from sales of confiscated BTC carried out by the German government for a month.
Along with payments made to creditors of the defunct Mt. Gox exchange, these sales drove the price of the digital currency downward.
Despite this, the price of bitcoin has experienced a rebound during the week and remains in a range of around USD 58,000 to USD 60,000, although it must still show strength to avoid new relapses. Analysts consider it too early to determine whether the cryptocurrency will not visit lower prices in the short term.
