Bitcoin Below $27,000
Oct, 2023

Bitcoin Below $27,000

The news don’t seem quite ambitious regarding Bitcoin’s price as the majority of the news are not on the positive direction.


Firstly, the war between Israel and Hamas seem to have cryptos on implementation as Hamas financing was taking donations on Bitcoin. This made Israel to freeze many crypto accounts in Binance, who have a relationship with them.


Secondly, the testament of Carolline Ellison, Alameda Research’s CEO, who is linked directly with FTX’s bankruptcy as they presented fake data for their balance sheets and cashflows towards investors.


Those two stories brought Bitcoin at lower levels than $27,000 while Ethereum fell down to $1,500, without bringing a lot of resistances.


We see next week for more developments……..


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