Bitcoin price returned higher $40 000 – Bits Media

The price of the first cryptocurrency continues to recover - the bitcoin rate returned higher $40 000. Top altcoin rates are also growing: ETH reached $2 850, а BNB – $375.

Recall, that last week the bitcoin rate fell to $30 000, but then returned to $40 000. Subsequently, on the background possible mining ban in China, курс BTC снизился до $37 000. However, while the authorities of the Middle Kingdom have not made specific statements on this issue., and the course of the first cryptocurrency began to recover. На момент публикации BTC торгуется по $40 020.

According to several analysts, now the main attention of traders is riveted to the marks $42 000 and $49 000. Именно на этих уровнях расположены ордера на продажу BTC на значительные суммы. Open interest in the Bitcoin futures market declined from $27 billion to $11 billion, which indicates the possibility of continued growth of the BTC rate.

Pushed Bitcoin to growth and Elon Musk's tweet (Elon Musk), who became one of the most influential people for cryptocurrency trading. Marvelous, but thanks to Musk's Twitter messages, many users began to consider him the creator of bitcoin, although, certainly, he is not. Musk wrote, that he spoke "with many miners in North America, and they will be happy to switch to renewable energy sources”.

Interesting, that the current correction of the cryptocurrency market has led to, that a part of institutional investors began to transfer funds from cryptocurrencies to gold. Аналитики JPMorgan считают, что в долгосрочной перспективе курс биткоина продолжит расти, however, in the near future, the cryptocurrency market may continue to decline.