Bitcoin nears $40,000 mark

Posted 12 April, 2022

On Tuesday around 07:50, the electronic currency was trading for 40,083.71 dollars, after having plunged the previous evening to 39,396.09 dollars.

Bitcoin, the most important cryptocurrency, briefly fell below the 40,000 dollar mark, in a downward movement that began at the end of March.

On Tuesday around 07:50, the electronic currency was trading for 40,083.71 dollars, after having plunged the previous evening to 39,396.09 dollars. This decline follows a peak of $47,938.14 reached on March 28. Since then, bitcoin has continuously lost ground.

Analyst Timo Emden, of the eponymous research firm, refers to a "potpourri of factors worrying investors". He cites, in particular, the fears of a rapid rise in key rates in the United States to curb inflation. Added to this is the war in Ukraine and the coronavirus pandemic which is still raging in China.

The publication this afternoon of the consumer price index in the United States should not help matters, warned Mr. Emden in a commentary.

Previous story

12 April, 2022 09:48

← Meta is testing the sale of virtual items in the metaverse

"Someone can, for example, manufacture and sell accessories for a 'world' relating to fashion or offer paid access to another part of a 'world'", explained the Californian group.

Meta is testing the sale of virtual items in the metaverse

Next story

11 April, 2022 11:38

Wall Street: Fed and inflation on the agenda →

On the economic front in the United States on Monday, traders will be able to follow the latest comments from several Fed officials.

Wall Street: Fed and inflation on the agenda
Write a comment
 
Prove you’re not a bot + 15 = 20