Bitcoin rate fell by 7% in half an hour

The cost of the first cryptocurrency again dropped below $ 32.3 thousand. The asset updated its price minimum since June 8

On the morning of June 21, the bitcoin rate collapsed by 7% in half an hour, to a minimum since June 8 at $ 32.2 thousand. As of 9:50 am, the first cryptocurrency is trading at $ 32.8 thousand, according to CoinGecko. Over the past day, the asset has fallen in price by 8%.

The price of bitcoin is declining after last week it again failed to gain a foothold above $ 40 thousand. On June 15, at the peak of the asset's quotes, it reached $ 41.3 thousand. Since then, the first cryptocurrency has fallen in price by more than 20%.

The value of bitcoin began to actively decline after negative news from China, where the authorities of Sichuan province, a large center for the extraction of cryptocurrency, banned mining. The new rules primarily affected 26 mining companies that officially worked in the region. By June 20, they were cut off from the power supply.

Goldman Sachs will increase bitcoin trading volumes

American bank will start working with cryptocurrency futures through Mike Novogratz's company Galaxy Digital

Goldman Sachs has partnered with Galaxy Digital to trade Bitcoin futures more actively, CNBC reported. This is the first time that Goldman Sachs has used counterparty services to work with a cryptocurrency. The company opened a digital asset trading department last month.

Galaxy Digital will be the liquidity provider for the investment bank. He will trade CME Group Bitcoin futures.

At the same time, a new report from Goldman Sachs says that bitcoin does not have long-term value and is not an asset class, writes Cointelegraph.

A month ago, the opposite position was expressed. At the end of May, the head of the digital assets department of Goldman Sachs, Matthew McDermott, emphasized that bitcoin has become an investment asset that is in the stage of adoption.