Bitcoin price soars above $43,000
Bitcoin price soars above $43,000 After the May drop, many cryptocurrencies are back on the rise again, including the oldest. Bitcoin dropped to its lowest level since September on Monday. Now the recovery appears to have begun.
The latest news and news of the day about Bitcoin and the current price
February 7, 2022 - Bitcoin Holds On And Extends Its Gains
Bitcoin could sustain the price gains of the previous days and even extend it over the weekend. On Monday afternoon, the most important cryptocurrency was quoted at $43,400 - a significant increase over the previous week (as of 4:10 pm) Bitcoin was last listed above the $43,000 mark in January. The second most important cryptocurrency, Ether, also holds gains, still above $3,100. Meanwhile, financial regulator Bafin is warning private investors about the risks of investing in crypto-assets and with investment advice on social media. The enthusiastic reports about Bitcoin, Ether, and Co. They are traded there, but investments in crypto-assets are highly speculative and risky, the regulator warns. In the worst case, there can be a complete loss of the invested funds.
February 5, 2022 - Bitcoin continues to cross the $40,000 mark After recent price gains on the US tech exchange Nasdaq, the digital currency Bitcoin continued to rally over the weekend. The list reached its highest level in more than two weeks, reaching $41983.12, extending Friday's gains. That is up 16 percent from Thursday and 27 percent from this year's low of $3,950.72 on Jan. 24. The second most important digital currency, ether, which is linked to the Ethereum blockchain network, rose above $3,000 for the first time since January 21 on Saturday. On Friday, the Nasdaq index closed up 1.6 percent. Amazon has calmed investors' nerves with its balance sheet after shocking numbers released by Facebook's parent company Meta on Thursday caused stock markets around the world to suffer.
February 4, 2022 - Bitcoin soars to a two-week high Bitcoin rose about ten percent to $40,585 by Friday evening. Thus, the cryptocurrency reached its highest level in two weeks. "Bargain hunters continue to try their luck," says analyst Timo Emden of Emden Research. However, uncertainty about US monetary policy and the controversy between Ukraine and Russia remained risk factors for the markets.
January 27, 2022 - The US Federal Reserve left interest rates unchanged for the time being In light of high inflation, the Fed wants to raise interest rates soon and then reduce its bloated balance sheet. After the monetary policy meeting, she stated that it would soon be appropriate to raise the key interest rate. Right now, I've left it in the zero to 0.25 percent range. Concerns about a rapid rise in interest rates have previously caused prices to fall in the markets. This is also the case with Bitcoin and Co. However, the decision by the Fed now has not resulted in any significant price losses for the oldest cryptocurrency. Bitcoin price has continued to recover slightly since dropping to $32,500.
January 26, 2022 - The International Monetary Fund asks El Salvador to give up bitcoin as a form of payment The International Monetary Fund (IMF) has called on El Salvador to abandon Bitcoin as a legal tender. El Salvador was the first country in the world to grant cryptocurrency this status in September last year. In a statement, the IMF board emphasized that there are significant risks associated with the use of bitcoin. These included, for example, risks to financial stability, financial soundness, and consumer protection as well as associated contingency taxes.
January 21, 2022 - The Central Bank of Russia considers banning cryptocurrency The Russian Central Bank said in a recent report that the Russian Central Bank may consider a wholesale ban on cryptocurrencies because they have all the hallmarks of a Ponzi scheme, which would undermine monetary policy and pose a risk to the Russian financial system. “The potential risks to financial stability associated with cryptocurrencies are much higher for emerging markets,” the central bank wrote in the report.
January 12, 2022 - US inflation rises to seven percent - Bitcoin price recovers slightly Inflation in the US continued to rise in December and is now seven percent. This is the highest value since 1982. As the numbers come in, the price of Bitcoin is rising and approaching the $44,000 mark. The price has continued to recover since Monday's drop to $39,800.
January 10, 2022 - Bitcoin price drops below $40,000 Bitcoin has been in a downtrend for about two months now, briefly dropping below $40,000. The price of Bitcoin was even lower in September 2021. Experts see that one of the reasons for the continued massive sell-off in the cryptocurrency is the fear of a rapid rise in interest rates in the United States. The Fed recently signaled rapid increases in interest rates. Therefore, investors are withdrawing from higher-risk investments such as Bitcoin,Ethereum, and Co. This lowers the prices in the cryptocurrency market. Added to this is the ongoing unrest in Kazakhstan.
December 13, 2021 - Savings banks want to enable cryptocurrency trading - Bitcoin is trading at $48,000 At the beginning of the week, Finance Forward, Finanz-szene, and Capital reported that savings banks want to enable their customers to trade in cryptocurrency as early as next year. Accordingly, customers should be able to control digital currencies such as Bitcoin directly via a checking account. Using a private cryptocurrency exchange like Coinbase is no longer necessary. “The interest in crypto assets is huge, and Sparkassen-Finanzgruppe sees it too,” the Giro Association and German Savings Banks (DSGV) said on request.
November 8, 2021 - Bitcoin broke an all-time high According to the analysis house Coinmarketcap, the price of Bitcoin rose to around $68,500 at noon, setting a new record. Bitcoin has never been so expensive. In a 24-hour comparison, the oldest cryptocurrency recorded an increase of more than six percent. The previous all-time high was just under $64,900.
October 19, 2021 - Bitcoin settles at $62,000, ETF cryptocurrency ahead of approval According to the analysis firm Coinmarketcap, Bitcoin is currently trading at around $62,200 (as of 2:35 pm), meaning that there is less than four percent missing from its all-time high of $64,800. The Bitcoin ETF from provider ProShares will launch under the Bito symbol this Tuesday, CEO Michael Sapir confirmed. Sapir said the Bitcoin ETF is suitable for investors who trade stocks and ETFs but do not want to deal with “opening an account with a crypto exchange or learning how to store their cryptocurrency.”
July 2, 2021 - Hackers demand ransom for master keys; Bitcoin Price Drops Below $33,000 Hacker group REivel attacks hundreds of companies with extortion software. Hackers are demanding a ransom of $70 million in Bitcoin to obtain the master key of all affected computers. The group claims that its software has infected more than one million computers. If so, this would be the largest ransomware attack to date, confirmed Mikko Hypponen of IT security firm F-Secure. Then the bitcoin price loses and is subsequently priced at just under $33,000. The situation in the cryptocurrency market remains tense, and the price may drop below $30K again and thus break the mark.
July 1, 2021 - Bitcoin price reaches $33,000 Bitcoin is trading just above the $33,000 mark, according to Coinmarketcap. The price recently dropped below $30,000. Analysts then expected another massive sell-off, as there were several stop-loss orders below this important psychological mark, which should push the price further lower. However, investors have used the price bracket as an opportunity to buy more or get into the crypto world. The Bitcoin cycle then returned to over $35,000.
June 20, 2021 - Bitcoin price drops below $31,000 China is tightening its course against Bitcoin & Co, and local banks and fintech firm Ant Group have been asked to stop offering cryptocurrency trading services, which amounts to a ban. The price of Bitcoin and other cryptocurrencies reacted to this news with significant price losses. Bitcoin is down six percent below the $31,000 mark. At the beginning of the week, Bitcoin costs more than $40,000. This once again shows how fast Bitcoin cycles. The digital currency has been hovering between $30,000 and $40,000 since mid-May 2021, after rising to nearly $65,000 - the current record high - in April.