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The price of bitcoin It briefly fell below $ 40,000 on Monday, the lowest level since the end of September, as investors’ risk appetite suffered on the prospect of a tightening of the policy of the Federal Reserve (Fed).
Shortly after hitting a low of $ 39,663.18, the cryptocurrency rallied a little later to $ 41,198, representing a 2.6 percent drop. In October it reached an all-time high of more than $ 66,000.
The bitcoin it closed the first week of the year with a daily decline of 3% and a weekly decline of more than 10%, with fears that a drop below $ 40,000 would trigger an even more serious plunge.
The Fed’s attempts have been the key factor in the bitcoin crash. The body will raise its interest rates to recover the value of the dollar after a year of record inflation, and investors seem to momentarily sideline alternative assets.
According to Coinglass data, the total daily settlements of the bitcoin They were nearly $ 500 million, caused by some 130,000 merchants.
(With information from crypto247)
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