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Monday, October 18, 2021

Bitcoin grows by more than 10%, to $ 39,131 thousand Price Forecast 2021-2022

Bitcoin during the trading session on Monday moved to growth and was trading at $ 39.131 thousand (+ 10.05%), according to the data of the site at 02:55 Moscow time.

As of 02:58 Moscow time, the bitcoin rate was at $ 39.106 thousand (+ 9.98%).

Bitcoin is a decentralized system of the eponymous cryptocurrency based on blockchain technology, which can be “mined” (issued) by any user participating in the system. To do this, you need to create new blocks of the system.

The concept of the system was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto. Bitcoin’s popularity has only peaked in recent years. The emission of bitcoin is naturally limited, currently most bitcoins have already been “mined”.

“The psychological background of the crypto market continues to be not the most rosy, giving its participants a lot of worries and questions. Apparently, in the next few days, the bears will continue to surprise, keeping the exchange rate of bitcoin at about $ 38,000 per coin,” the expert said.

According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, as of 09.00 Moscow time, the bitcoin price grew slightly – by 0.72% over the last day, to 40.116 thousand dollars.

On the Binance exchange, the largest cryptocurrency exchange in terms of trading volume, bitcoin, on the contrary, lost a little in price – 0.17% and cost $ 39,876 thousand.

Bitcoin is showing high volatility this week. On Wednesday, May 19, it more than doubled from its April all-time high of $ 64,854 and hit $ 30,000 for the first time since January 25. The crash followed a statement from the Chinese banking and internet industry associations that financial and payment institutions should not accept cryptocurrencies as payment or offer related services and products. On Thursday, May 20, the bitcoin price bounced sharply and exceeded $ 40,000.

Trump calls Bitcoin a scam

Billionaire and former US President Donald Trump spoke about his dislike for bitcoin in an interview with Fox Business, RBC reports . Trump considered the main cryptocurrency a fraud and called on the country’s authorities to “very tough” regulation of the circulation of digital coins in the United States. In his opinion, bitcoin is a competitor for the US dollar, which Trump wants to see as the “currency of the world.”

“Bitcoin … It looks like a scam. I don’t like it because it is a different currency competing with the dollar,” Trump explained.

Earlier it was reported that as President of the United States, Trump planned to “do away” with Bitcoin and other cryptocurrencies and stop trading in them. The head of state addressed the US Treasury Secretary Steven Mnuchin with the relevant instructions in May 2018.

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