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Thursday, March 4, 2021

Following Bill Gates's announcement, Bitcoin fell below $ 50,000.

After Bill Gates, in the US, Massachusetts Senator Warren called "it has a speculative nature" and Bitcoin moves below $ 50,000, which he saw earlier in the week and withdrew.


Bill Gates, the founder of Microsoft, emphasized that he has never bought Bitcoin until today during a conversation held through the social communication network Clubhouse and said that he preferred investments that create concrete products such as vaccines. Warren answered CNBC's questions, saying that Bitcoin, which he called "speculative," would experience a "burst".

The largest volume unit of the crypto money markets, Bitcoin, after seeing the new peak of $ 58,330 on February 21, dropped to $ 44,000 with sales on February 21, although it turned its direction upward, but could not exceed $ 50,000.

Bitcoin, which fluctuated between 47 thousand 228 and 49 thousand 671 dollars in the last 24 hours, increased by 0.49 percent to 49 thousand 188 dollars, while the weekly loss of the unit was calculated as 2.19 percent. Bitcoin's total market volume also declined to $ 917 billion, down by about $ 2.0 billion.

The total market volume in all markets remained unchanged at $ 1.51 trillion in the last 24 hours. With the rapid climb in Bitcoin with the new year, the total market volume exceeded the $ 1.0 trillion mark on January 7 and $ 1.5 trillion on February 15.

With the impact of the recovery movements in the cryptocurrency markets, the value of 29 units fell from the highest volume 100 units in the last 24 hours, while two of the top 10 units were among those that fell.

In the 35,068 market where 8 thousand 660 cryptocurrencies are traded, 60.7 percent of the total market volume was Bitcoin and 11.7 percent was Ethereum. Thus, the total volume of the two largest cryptocurrencies accounted for about three-quarters of the total volumes of all units. The 24-hour trading volume in all markets decreased by $ 11 billion to $ 120 billion. 

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