What You Need to Know After the Bitcoin Price Goes Over $41,000?
2022-03-24 15:03:57
Should You Invest In Bitcoin When The Price Rises Above $41,000?
When the Bitcoin price dropped to $38,000-$39,000 in early March, many said it would be a bottleneck and that it would be hard to break $40,000 again. However, ten days later, the Bitcoin price went back above $40,000 and has remained there for a week so far.
The rising price now makes it a shame for investors who missed the Bitcoin price trough earlier. Bitcoin price live is up at 7.24% in the last 7 days. Not only that, but the price is showing a trend that will continue to rise and fluctuate for some time. For investors who missed the price trough, would now be a good time to invest?
Before you make a judgment, you need to consider the following aspects.
1. What Is The Current Price of Bitcoin?
The current price of Bitcoin is $42,004 and has decreased by 2.03% in the last hour. The current total market cap of Bitcoin is $796.93billion. The total volume in circulation is $18.99million. The 24-hour volume is $27.91billion. (Source: Gate.io March 23)
Bitcoin has been on the upswing for almost a week, but today there was a drop. Perhaps this can be interpreted as general price market volatility. But will such volatility affect Bitcoin from falling back below $40,000 again? Judging by the 24-hour volume, not many people have jumped out yet.
2. Salvadoran Country Prepares to Issue Bitcoin Bonds
The finance minister of the Central American country of El Salvador recently announced that the country will officially issue Bitcoin bonds, with the issue date tentatively set and waiting for the right time. However, such news came out and many investors expressed great interest in this.
The reason it has not yet been determined is that several key items required for its bond offering are still being negotiated. These include the legal framework involved in applying for a permit for the bond, as well as "key information documents" about potential investors. The finance minister said the country will issue the bond through the state-owned Geothermal Energy Corporation, for which the government will provide a sovereign guarantee.
While the timing of the release has not yet been determined, the impact this will have on the price of Bitcoin is predictable.
3. Famous Author 'Advises' Everyone to Keep Their Bitcoins
Robert Toru Kiyosaki, author of the best-selling book "Rich Dad Poor Dad," said in a March 20 tweet that "the U.S. Treasury and the Federal Reserve are "destroying the dollar" and are mindlessly sending billions of dollars of users into "financial hell". Instead, people are advised to save gold and silver along with Bitcoin. "
Kiyosaki has bought Bitcoin before and says he is ready to buy Ethereum as a backup in an inflationary future. Such celebrity publicity and "advice" will have an impact on the price of Bitcoin.
As it stands now, Bitcoin has crossed $41,000. In response to this price, many experts and celebrities have made price predictions and buying recommendations. However, Bitcoin price fluctuations will be affected by market trends. You need to think it over before you start investing and buying.
When the Bitcoin price dropped to $38,000-$39,000 in early March, many said it would be a bottleneck and that it would be hard to break $40,000 again. However, ten days later, the Bitcoin price went back above $40,000 and has remained there for a week so far.
The rising price now makes it a shame for investors who missed the Bitcoin price trough earlier. Bitcoin price live is up at 7.24% in the last 7 days. Not only that, but the price is showing a trend that will continue to rise and fluctuate for some time. For investors who missed the price trough, would now be a good time to invest?
Before you make a judgment, you need to consider the following aspects.
1. What Is The Current Price of Bitcoin?
The current price of Bitcoin is $42,004 and has decreased by 2.03% in the last hour. The current total market cap of Bitcoin is $796.93billion. The total volume in circulation is $18.99million. The 24-hour volume is $27.91billion. (Source: Gate.io March 23)
Bitcoin has been on the upswing for almost a week, but today there was a drop. Perhaps this can be interpreted as general price market volatility. But will such volatility affect Bitcoin from falling back below $40,000 again? Judging by the 24-hour volume, not many people have jumped out yet.
2. Salvadoran Country Prepares to Issue Bitcoin Bonds
The finance minister of the Central American country of El Salvador recently announced that the country will officially issue Bitcoin bonds, with the issue date tentatively set and waiting for the right time. However, such news came out and many investors expressed great interest in this.
The reason it has not yet been determined is that several key items required for its bond offering are still being negotiated. These include the legal framework involved in applying for a permit for the bond, as well as "key information documents" about potential investors. The finance minister said the country will issue the bond through the state-owned Geothermal Energy Corporation, for which the government will provide a sovereign guarantee.
While the timing of the release has not yet been determined, the impact this will have on the price of Bitcoin is predictable.
3. Famous Author 'Advises' Everyone to Keep Their Bitcoins
Robert Toru Kiyosaki, author of the best-selling book "Rich Dad Poor Dad," said in a March 20 tweet that "the U.S. Treasury and the Federal Reserve are "destroying the dollar" and are mindlessly sending billions of dollars of users into "financial hell". Instead, people are advised to save gold and silver along with Bitcoin. "
Kiyosaki has bought Bitcoin before and says he is ready to buy Ethereum as a backup in an inflationary future. Such celebrity publicity and "advice" will have an impact on the price of Bitcoin.
As it stands now, Bitcoin has crossed $41,000. In response to this price, many experts and celebrities have made price predictions and buying recommendations. However, Bitcoin price fluctuations will be affected by market trends. You need to think it over before you start investing and buying.
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