Forex and other markets news
18.04.2023, 20:30
Bitcoin bounces back above $30,000
Bitcoin bounces back above $30,000
Bitcoin rallied above $30,000 today. after falling off the line yesterday
As of 8:11 p.m. local time, bitcoin jumped 2.86% to $30,320.75 in trading on Coinbase.
Galaxy Digital CEO Mike Novogratz said bitcoin will continue rising and reach $40,000 once the Federal Reserve begins to cut interest rates.
Bitcoin used to surpass $69,000 in November 2021. which is the highest level in history before sinking below $20,000 in June 2022. amid concerns that The Fed's acceleration in raising interest rates and shrinking its balance sheet will drag down liquidity in the market. and make the United States face a recession
Bitcoin was the best performing asset in the world in Q1 2023, surging 70% in the quarter.
In addition, Bitcoin also received positive factors from the halving phenomenon, which experts expect to occur during March-May 2024.
However, bitcoin is a volatile asset. It soared more than 1,000% in 2017, then plunged 74% in 2018 and then rebounded in 2019-20, but then dropped 64% in 2022 amid scandals and bankruptcies in the Christian industry. Master
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