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Bitcoin rose on Monday afternoon, recovering part of the losses recorded the previous week. The market evaluates investment flows in ETFs, as well as geopolitical tensions with the suspension of attacks in the Middle East.
Meanwhile, Strategy returned to purchasing units of the digital currency a week after announcing the sale of bitcoins.
At around 4:02 pm (in Brasília), bitcoin was up 2.14%, at US$63,397.66, while ethereum was up 3.32%, at US$1,684.75, according to the Binance platform.
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The sentiment is also supported by the signaling of accumulation by the main investors in the long-term cryptocurrency, they point out.
Despite the suspension of attacks between Iran and Israel, the maintenance of tensions in the Middle East continues to "fuel a difficult environment for cryptocurrencies", according to Kudotrade, given the high inflationary fears that lead to expectations for a more restrictive monetary policy.
Toque agora.
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In Bitfinex's assessment, digital assets are being incorporated into the financial system and, as a result, begin to "increasingly respond to the same supervisory mechanisms, the same macroeconomic forces and the same capital allocation criteria that influence other markets".
Strategy, the largest corporate holder of bitcoin, once again bought the digital currency. The company acquired 1,550 bitcoins for US$101.3 million in total at around US$65,332 each, between June 1st and 7th. The previous week, Strategy announced the sale of bitcoins for the first time since 2022.
For RootstockLabs, this was one of the "several factors" that led the currency to fall, along with the "race for liquidity" before several IPOs, such as SpaceX.
*With information from Dow Jones Newswires.
Understand the fate of the dollars raised by Trump's tariffs
Source: CNN
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