CRYPTOCURRENCY-Bitcoin hits new all-time high of $40,180.37

The price of Bitcoin continued to rally on Friday to hit a 40,180.37 dollar mark as the global crypto market cap climbed over 1 trillion dollars.

NEWS IN ENGLISH 08.01.2021, 08:48

CRYPTOCURRENCY-Bitcoin hits new all-time high of $40,180.37

According to JPMorgan strategists, the cryptocurrency's price could soar as high as 146,000 in the long term amid current economic uncertainty and geopolitical risks.

The price of Bitcoin surged over 5.0 percent on Thursday to surpass the 40,180 marks, reaching another record high to extend its daily rally.

The jump was followed by a bullish call from JPMorgan strategists, who predicted that it could reach a price as high as 146,000 in a long term. Also, big institutional investors are finding themselves in a shopping spree in order to hedge inflation and geopolitical risks.

Bitcoin surged 2.84 percent to sell for 38,535.74 dollars, extending gains recorded earlier this week. Since the beginning of 2021, the cryptocurrency jumped by more than 36 percent, while it skyrocketed over 105 percent in the past 30 days.

According to the analysts;
- Bitcoin saw some wild overnight volatility that came about after a flurry of selling activity liquidated long positions and sent its price reeling lower,
- This selloff was quite intense and caused the aggregated market to face some immense selling pressure that is showing no signs of letting up,
- One analyst explained that where the market trends next will undoubtedly depend largely on the derivatives market,
- He notes that funding rates are still quite high and may hamper the cryptocurrency’s outlook for the time being,
- As such, he is calling the crypto’s current positioning “dangerous” – despite the strength of its rebound. (Table)

Türkiye Cumhuriyeti'nde 14 Mayıs 2023'de yapılacak Cumhurbaşkanlığı seçimini kim kazanır?

Tümü

Takımlar	O	P
1. Galatasaray	35	96
2. Fenerbahçe	34	89
3. Trabzonspor	35	58
4. Başakşehir	35	55
5. Beşiktaş	35	54
6. Alanyaspor	35	49
7. Kasımpasa	35	49
8. Rizespor	35	49
9. Sivasspor	35	48
10. Antalyaspor	34	45
11. A.Demirspor	35	44
12. Samsunspor	35	42
13. Kayserispor	35	41
14. Ankaragücü	35	39
15. Karagümrük	35	37
16. Konyaspor	34	36
17. Gaziantep FK	35	35
18. Hatayspor	35	34
19. Pendikspor	34	30
20. İstanbulspor	35	16

Takımlar	O	P
1. Eyüpspor	33	72
2. Göztepe	33	69
3. Sakaryaspor	33	57
4. Bodrumspor	33	56
5. Ahlatçı Çorum FK	33	56
6. Kocaelispor	33	55
7. Bandırmaspor	33	50
8. Boluspor	33	50
9. Gençlerbirliği	33	50
10. Erzurumspor	33	44
11. Manisa FK	33	40
12. Ümraniye	33	40
13. Keçiörengücü	33	39
14. Tuzlaspor	33	37
15. Adanaspor	33	36
16. Şanlıurfaspor	33	35
17. Altay	33	9
18. Giresunspor	33	7

Takımlar	O	P
1. Arsenal	36	83
2. M.City	35	82
3. Liverpool	36	78
4. Aston Villa	36	67
5. Tottenham	35	60
6. Newcastle	35	56
7. Chelsea	35	54
8. M. United	34	54
9. West Ham United	36	49
10. Bournemouth	36	48
11. Brighton	35	47
12. Wolves	36	46
13. Fulham	36	44
14. Crystal Palace	35	40
15. Everton	36	37
16. Brentford	36	36
17. Nottingham Forest	36	29
18. Luton Town	36	26
19. Burnley	36	24
20. Sheffield United	36	16

Takımlar	O	P
1. Real Madrid	34	87
2. Girona	34	74
3. Barcelona	34	73
4. Atletico Madrid	34	67
5. Athletic Bilbao	34	61
6. Real Sociedad	34	54
7. Real Betis	34	52
8. Valencia	34	47
9. Villarreal	34	45
10. Getafe	34	43
11. Deportivo Alaves	34	41
12. Sevilla	34	41
13. Osasuna	34	39
14. Las Palmas	34	37
15. Celta Vigo	34	34
16. Rayo Vallecano	34	34
17. Mallorca	34	32
18. Cadiz	34	26
19. Granada	34	21
20. Almeria	34	17