Cryptocurrency bubble

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network.

Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world's biggest cryptocurrency becoming more accessible for trading amid tightening supplies.

Bitcoin reached $69,191.94, beating a record $68,991 struck in November 2021.

The volatile asset later retreated to $65,129.

Bitcoin, the leading cryptocurrency, surged nearly 5% to cross the elusive 40,000 threshold, marking its remarkable resurgence in over 18 months. This notable climb continued the digital currency's year-long recovery, fueled by anticipations of reduced interest rates and heightened demand from the exchange-traded fund (ETF) sector.

Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar. 

On Thursday, Bitcoin was down 1.1%, ending the day at around .5K, despite a buoyant stock market performance. Selling resumed on Friday morning, pushing the price back to .9K.
The observed divergence is bucking the trend of close correlation that has developed over the last few days.

The US electric car maker Tesla owned nearly billion worth of bitcoins at the end of last year, according to financial documents filed with the Securities and Exchange Commission (SEC).

Cryptocurrencies collapsed by more than 15%. Bitcoin fell below ,000 and reached its lowest level in six months. In addition, the decline is expected to continue. What is ahead in the world of cryptocurrencies - the Bulgarian National Television (BNT) asked Vladislav Dramaliev from the Bithope Foundation.

JPMorgan's CEO Jamie Dimon blasted crypto and bitcoin yet again. The JPMorgan executive argued about the real value of cryptocurrencies and his take on the cryptocurrency world in an interview. Dimon stated that the latest bull market in cryptocurrencies was created by a lot of liquidity in the system, which then leads to speculation. Dimon declared:

The Virtual Currency Bitcoin has reached a price of $ 6,124.10 today - its highest value in 2019 to date. Bitcoin rises 0.49% in the morning, according to Coin Desk. Most of the other cryptocurrencies, however, are traded in different directions.