Bitcoin exchange rate can either break a new record or fall to minimum levels. The behavior of cryptocurrency is unpredictable. In a conversation we had with the following people about this dangerous feature of existence: “Lentoy.ru” recalled finance expert, candidate of economic sciences Vladimir Grigoriev.
The analyst noted that Bitcoin was supposed to grow in anticipation of the halving (a planned reduction in the number of newly mined bitcoins – editor’s note), which happened recently, but then reversed sharply and fell.
All cryptocurrencies, except for assets pegged to national currency, are based on investor demand. Virtual currencies have become popular over the last 5-7 years. It is often resorted to when one of the parties to the transaction is under restrictions such as sanctions.
At the beginning of the month, that is, on January 11, the price of Bitcoin rose to 49 thousand dollars for the first time since December 2021. Shortly before that, analysts predicted a sharp change in the cryptocurrency rate, predicting growth to reach $200 thousand by the end of 2025. On Tuesday, January 23, the Bitcoin rate fell below 40 thousand dollars.
According to Binance data, as of 09:23 Moscow time, the Bitcoin exchange rate was $ 39,913.55.
Previously SPB Stock Exchange appreciated Ability to initiate bitcoin trading.