The First Major Correction in Bitcoin

The first major correction in the Bitcoin market is a reality as in three days it lost about $12,000 in value, plunging about 11% and removing the first resistances on a technical level.

 

The news that brought the first turmoil to the market was the agreement between El Salvador, a country that has made the use and recognition of Bitcoin as legal tender, and the International Monetary Fund.

 

The agreement concerns a loan of $1.4 billion from the IMF to El Salvador. The thorn in this agreement is the country's treatment of Bitcoin, which is considered quite problematic for the country's economic compliance.

 

At the moment there are several liquidations as many investors want to take profits and close positions they had from there.

 

Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Serres, Greece, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations

 

Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.

 

At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.

 

If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).