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The financier named three reasons for the depreciation of bitcoin

MOSCOW, April 16 – PRIME. The decline in the bitcoin rate may be caused by a recession in the excitement about the launch of the Coinbase crypto exchange on the Nasdaq, the application of the Horizons company to an exchange-traded fund (ETF) to short bitcoin, as well as the recent prohibitive decision of the Turkish authorities, the director of the largest cryptocurrency exchange in terms of trading volume, Binance, told RIA Novosti. in Russia Gleb Kostarev. The expert said that he will determine the bitcoin rate Over the past day, the bitcoin rate has decreased by almost 2.5% and is trading at a level slightly below 61 thousand dollars, Kostarev said, citing data from the CoinMarketCap portal. “First of all, the excitement around the public listing of Coinbase, which influenced the ATH (highs of the price – ed.) Of bitcoin in the past days. Now the excitement has subsided, which undoubtedly affects the value of the first cryptocurrency. The second point is the filing of the Canadian company Horizons an application for exchange-traded funds (ETF) on Bitcoin, one of which allows you to make money on the fall in the BTC rate, “he said. In addition, earlier on Friday it became known that the central bank of Turkey has banned the use of cryptocurrency for the purchase of goods and services since April 30. This also influenced the mood in the market, notes Kostarev. At the same time, according to his data, despite the fall, the market is quite optimistic and expects further growth in cryptocurrency quotes.

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