why bitcoin is going up and down

is that the SEC claimed that BTC is still too easily manipulated and that it is not yet time to approve ETFs. All indicators point towards a bear market, but a crypto miracle is also a possibility before the 30th. Firstly, on the 16th and 17th of September, Bitcoin experienced its lowest trade volumes since November last year. Gox creditors meeting on the 26th of September.

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Further checking coinmarketcap, we find that the 24-hour trade volume on these two days was valued between.1 Billion and.2 Billion rather than its usual levels above.5 Billion. In the case of the latter, the SEC will announce a rejection on the 30th. Nobody knew who the wallets owner was, and different theories soon piled. Whether it was oversold, or it experienced negative news, or something else entirely these things have been known to influence its price. One such individual who believed this theory was the ex-fund manager and billionaire investor, Michael Novogratz, who tweeted the following : I think we put in a low yesterday 12th September. Then, in August of this year, things finally started looking. The price of Bitcoin (BTC) at the moment of writing this, is headed in a direction contrary to what we had all hoped for after the slight recovery due to a decline catalyzed be the Goldman Sachs fake news of September 5th. For the latest cryptocurrency news, join our. The crypto market situation has been bad throughout the year. In conclusion, and not wanting to sound too pessimistic, the next two weeks are probably one of the most uncertain weeks in the history of the value of BTC. As such, whatever happens. The prices are going down once more, as the market returns to its bearish nature.

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