Crypto Currency News

Bitcoin price hits the $40K barrier

However investor expectations are encouraging for the coming months.

Bitcoin (BTC) corrected a new 2% in the last 24 hours and fell just shy of $ 39K. The leading cryptocurrency has traded in the narrow gap between $ 39,000 and $ 40,000 since its jump of 15% at the weekly open, but at the close of this publication its price is $ 38,981.

BTC had a great start to the week thanks to new impulses from Elon Musk and statements from Paul Tudor Jones that raised confidence in the market, as well as new millionaire investments announced by MicroStrategy. After an incredible 15% jump that reached a weekly high of USD 41,300 yesterday, variations in that level have confirmed the rise.

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The USD 40K barrier continues to be the most difficult barrier in recent weeks, and specialists assure that USD 42,500 will be even more difficult to overcome. However, investor expectations are encouraging for the coming months.

According to a recent survey conducted by the Voyager Digital firm of more than 3,000 investors, eight out of ten believe that the price of BTC will approach its all-time-high (ATH) again in the third quarter of 2021 .

For now, and with a view to the short term, the eyes of the ecosystem are on the United States Federal Reserve (Fed). The US central bank will make a decision on its interest rate, which could affect sentiment towards alternative assets like BTC or the rest of the cryptocurrencies.

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Today’s session was not encouraging at all for the rest of the crypto market. All major altcoins posted daily declines, with peaks of 5% for ether (ETH) and Binance coin (BNB), trading at $ 2,413 and $ 347 respectively.

Further behind were dogecoin (DOGE), bitcoin cash (BCH) and litecoin (LTC), with declines of 4%. The asset price at the close of this publication is USD 0.30, USD 596 and USD 166, respectively. XRP and polkadot (DOT) are down a bit more and are trading at $ 0.82 and $ 23.05.

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