Main page News

Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $40,268.15 (+0.16%), according to CoinMarketCap.

For its part, Ether has fallen to $2,539.88 (-2.65%), while Tether remains unchanged at $1.

FxPro's team of analysts say:

"The price of Bitcoin has changed little over the past day, but remains above the psychologically important $40,000 level.

MicroStrategy has reported it intends to issue $1 billion worth of shares and will use some of the capital raised to buy BTC.

Bitcoin has shown a 20% price increase over the past week, however, the inability to move confidently higher after surpassing $40,000 could have a serious negative impact on the near-term outlook for the coin.

As for the SEC, the regulator has again put off its decision on Bitcoin ETFs, while such a resolution could provide further momentum to the growth of the cryptocurrency market. The US Congress will intensify its activity in assessing the situation in the crypto market by setting up a working group, which can be generally considered as bad news in the long run."

According to CoinMarketCap’s ranking, 8 currencies on the top 10 are in red.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,724,654,312,013.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.