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Today, the price of Bitcoin has returned to $67,000: the analysis of the movements of the last few days indicates that it has stopped being negatively influenced by the trend of Ethereum.  The price of Bitcoin today: the complete analysis Today, Friday, July 26, 2024, the price of Bitcoin has returned above $67,000. It is the exact same level it had on Tuesday before the launch on the USA stock exchanges of the new ETH on Ethereum spot.  Just on Tuesday, after this launch, the price of BTC had dropped to $66,000, but the next day, that is yesterday, it had dropped even further. Thursday the 25th in fact had dropped to $64,000, with a brief dip to $63,500 that quickly recovered.  In reaction to that brief dip below $64,000 yesterday, the price of Bitcoin had returned to $65,000, and during the night it first climbed back to $66,000 and then this morning even to $67,000. In fact, it has drawn a short and contained descending parabola that lasted only three days, and then recovered in less than 24 hours.  The price of Ethereum To understand the price dynamics of BTC mentioned above, it is necessary to analyze what happened to Ethereum in the same period.  Tuesday, before the launch of the new ETFs, the price of ETH was around $3,500.  On the launch day, there was a small drop that brought it just above $3,400, and this level held even for the following day, Wednesday.  Yesterday, however, the $3,400 level did not hold anymore, and the decline extended to $3,100. Even the price of ETH bounced back last night, but it did not manage to get much above $3,200.  On the contrary, the current price is 6% lower than it was just before the launch of the ETF on…

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Filed under: News - @ July 26, 2024 10:22 pm