Bitcoin Returns To USD 40,000 In Four Days

Source: Adobe/DedMityay

The most popular cryptocurrency, bitcoin (BTC), just got back to the USD 40,000 level after leaving it this past Sunday and crashing to almost USD 30,000 on Monday.

BTC already hit USD 40,000 at exchanges such as Binance, OKEx, Coinbase Pro, and others.

At 15:38 UTC, BTC traded at around USD 40,039 before correcting lower towards USD 39,632, per Coingecko.com data. The price is still up by 14% in a day and 7% in a week. It more than doubled in a month and rallied by 389% in a year.

BTC is the second-best performing cryptoasset in the top 10 club today, only after polkadot (DOT), that surged by 29%. Ethereum (ETH) is up by almost 14%, reaching USD 1,215.

As reported today, trading and investing platform eToro has sent out a warning to its users that it may limit buy orders this weekend, while others warn of drying liquidity, suggesting that the demand for BTC is growing further and the shoeshine indicator “isn’t relevant in this current cycle” when Google searches for “bitcoin” are nearing all-time high of 2017.

As reported, this week, US-based major digital asset manager Grayscale Investments said that most of their private placements are now open for daily subscription again after they were temporarily closed at the end of 2020. Grayscale Bitcoin Trust is the largest trust controlled by the company and has over USD 20bn in assets under management.


Learn more:
This Is The Biggest Risk To Crypto Market According to Pantera Capital CIO
Most US Financial Advisors Want to up Crypto Holdings in 2021 – Survey
Is Bitcoin’s Bull Run Over?
US Dollar and Coinbase Also Blamed For Bitcoin Sell-Off
Ruffer Reveals Why They Poured GBP 550M in ‘Non-Sensical’ ‘Beast’ Bitcoin
Crypto Traders Smell Institutional-Grade Bitcoin Price Manipulation

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