Just now, on Jan. 8, the mother of cryptocurrency recovered the $40,000 level and spiked, gaining 10% in just no time topping $41,000, continuing its massive rally.
To say that the past 24 hours have been exciting would be a massive understatement. Bitcoin, as well as most of the cryptocurrency market, experienced one of the most tumultuous trading sessions after setting a new ATH above $40,000, crashing by $4,000 and surging back to chart a new high at around $41,000.
As seen in the above chart, the past hours have been nothing but volatile. Last night, BTC broke $40K for the first time to reach a high at around $40,402.
If one thing should be taken from this is that the volatility in the market is unprecedented. Trading is becoming particularly dangerous, which is perfectly outlined by the number of total liquidations in the past 24 hours.
Bitcoin keeps pushing its way upwards due to multiple factors. Among them are the active Bitcoin purchases by large institutional investors such as Grayscale, which now holds over $20 billion in Bitcoin and other cryptos, the long-term quantitative easing program with over $6 trillion issued last year, the SEC’s suit against Ripple that alleges XRP to be a security and the Bitcoin halving of May 2020.
Ripple’s Co-Founder Suggests that “Crypto Industry should Reconsider Proof-of-Work.”
Lawyer James K. Filan Says XRP Community Could Make A Huge Impact On Ripple Vs. SEC Case
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...