Bitcoin continues its rise, crossing the symbolic barrier of 40,000 dollars.
The year 2022 had been painful for cryptocurrencies, with several scandals such as the collapse of LUNA or the bankruptcy of FTX which had caused great damage to the price of these assets. The following year was thus gloomy, until this summer when Bitcoin began to make a name for itself again by surpassing the $30,000 mark. An upward trend which has gradually been confirmed, and which is bursting today…
And now 40,000!
Bitcoin never dies. This is what all those who have been betting on cryptocurrencies for several years must think, despite the violent collapses which have constantly followed the explosion in prices. Because even after all the problems encountered last year, Bitcoin is seeing its price once again rise to new heights.
Digital gold thus symbolically hit the $40,000 mark yesterday, December 3. And it was not content with crossing this symbolic threshold, since it continues its rise today, displaying at the time of writing this article a price of 41,768 dollars.
Will 2024 be the year of the bull run?
Enough to hope for good times in 2024 for all crypto-enthusiasts. It should indeed be noted that the return of Bitcoin, and behind it, cryptocurrencies, is taking place at a time when the key rates of the major central banks have never been so high. The cost of money thus costs much more than in previous years, which normally tends to make investors more cautious, the latter being under these conditions less inclined to give in to risky investments.
Analysts expect to see these same key rates stabilize, and even begin to decline in the second half of 2024. Will a more stable financial environment then allow a more massive influx of liquidity into the world of cryptocurrency? For a new bull run?
Source : The gallery
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