Bitcoin, the world’s first and most popular cryptocurrency, has been making headlines recently. The price of Bitcoin has been fluctuating, with some significant ups and downs. Let’s take a closer look at what’s been happening.
According to Google Finance, the price of Bitcoin was 25,893.80 USD on August 19, 2023. This is just one snapshot of the price, as it can change rapidly. It’s important to keep an eye on the price and stay up to date with the latest news and developments.
One recent development that has had an impact on the price of Bitcoin is the news from Elon Musk’s SpaceX. According to Investor’s Business Daily, Bitcoin’s price took a dive after news from SpaceX sent the cryptocurrency tumbling. However, Fortune reports that Elon Musk didn’t spark the Bitcoin selloff.
In addition to these developments, there are also other factors that can affect the price of Bitcoin. For example, the supply of new Bitcoin entering the market is getting smaller as we approach the next Bitcoin halving in 2024. This event will see Bitcoin block rewards drop to 3.125 Bitcoins per block.
It’s clear that there are many factors that can affect the price of Bitcoin. It’s important to stay informed and keep an eye on the latest developments in order to make informed decisions about buying, selling or holding Bitcoin.
