RATE Group | Events That May Affect Bitcoin This Week
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Events That May Affect Bitcoin This Week

01 Jun Events That May Affect Bitcoin This Week

Posted at 21:19h in Bitcoin News by

Bitcoin is only $500 away from five-digit levels. So, what might affect Bitcoin price this week?

Stocks and Petrol

Traditional markets made a tumultuous start this week. When protests in the US combined with President Donald Trump’s response to China against Hong Kong, anxiety has increased in already panic exchanges. As a result of this uncertainty, increases in safe harbor assets began to be observed. Gold has increased around $ 50 since May 27. As of writing this news, we can say that Gold has approached its highest level since 2011.

However, there is a decrease in oil prices. Andreas Antonopoulos said this could benefit local cryptocurrency miners.

Bitcoin has been gradually leaving macro movements in recent weeks, so it can be said that its potential to monitor the gold of the leading cryptocurrency continues. According to the data, Bitcoin only generated about 50 percent return in the second quarter.

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