CRYPTOCURRENCY - Bitcoin returns back to $35.000 level

The price of Bitcoin fell to 35,000 dollars level on early Wednesday, following the cryptocurrency's impressive rally in the preceding weeks, with touching 41,946.74 records high in the first week of the year.

NEWS IN ENGLISH 20.01.2021, 08:41

CRYPTOCURRENCY - Bitcoin returns back to $35.000 level

Bitcoin decreased by 3.37 percent in the last 24 hours to 35,297.93 dollars, while the weekly gain of the unit was calculated at 4.61 percent. Bitcoin's total market volume also decreased by about 21 billion dollars, from 679 billion dollars to 658 billion dollars.

The total market capitalisation in the crypto currency markets has again exceeded the 1.0 trillion-dollar level on Tuesday. With increasing corporate purchases, the total market capitalisation, which exceeded the 1.0 trillion dollar limit for the first time in history on January 7, stood over the limit of 1 trillion 8.15 billion dollars again in the first hours of the new day.

Some chief financial officers (CFOs) are rethinking investing their reserve funds in Bitcoin (BTC) following the recent 30 percent price correction

Wall Street CFOs are becoming wary of investing company funds into Bitcoin following the cryptocurrency’s massive price correction last week. As per a Bloomberg report, some CFOs don’t want to risk it despite the cryptocurrency’s excellent performance in recent months.

The crypto market has seen an influx of institutional investors in recent months. Publicly listed companies like Square, MicroStrategy, MassMutual, and Ruffers pumped billions of dollars of company cash reserve in Bitcoin last year. Reportedly, other firms are thinking of making the same move while those with BTC holdings are mulling over increasing their market positions.

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Takımlar	O	P
1. Galatasaray	34	93
2. Fenerbahçe	34	89
3. Trabzonspor	34	58
4. Beşiktaş	35	54
5. Başakşehir	34	52
6. Alanyaspor	35	49
7. Kasımpasa	34	49
8. Rizespor	35	49
9. Sivasspor	34	48
10. Antalyaspor	34	45
11. A.Demirspor	34	41
12. Kayserispor	34	40
13. Ankaragücü	35	39
14. Samsunspor	34	39
15. Karagümrük	34	36
16. Konyaspor	34	36
17. Gaziantep FK	34	34
18. Hatayspor	34	33
19. Pendikspor	34	30
20. İstanbulspor	34	16

Takımlar	O	P
1. Eyüpspor	32	72
2. Göztepe	32	66
3. Sakaryaspor	32	57
4. Kocaelispor	32	55
5. Ahlatçı Çorum FK	32	55
6. Bodrumspor	32	53
7. Boluspor	32	50
8. Bandırmaspor	32	47
9. Gençlerbirliği	32	47
10. Erzurumspor	32	44
11. Keçiörengücü	32	39
12. Manisa FK	32	37
13. Ümraniye	32	37
14. Şanlıurfaspor	32	34
15. Tuzlaspor	32	34
16. Adanaspor	32	33
17. Altay	32	15
18. Giresunspor	32	7

Takımlar	O	P
1. Arsenal	36	81
2. M.City	34	79
3. Liverpool	35	75
4. Aston Villa	35	67
5. Tottenham	34	60
6. M. United	34	54
7. Newcastle	34	53
8. Chelsea	34	51
9. Bournemouth	36	49
10. West Ham United	35	49
11. Wolves	35	46
12. Brighton	34	44
13. Fulham	35	43
14. Crystal Palace	35	40
15. Everton	36	37
16. Brentford	35	35
17. Nottingham Forest	35	26
18. Luton Town	36	26
19. Burnley	35	24
20. Sheffield United	35	16

Takımlar	O	P
1. Real Madrid	33	84
2. Barcelona	33	73
3. Girona	33	71
4. Atletico Madrid	33	64
5. Athletic Bilbao	34	61
6. Real Sociedad	33	51
7. Real Betis	33	49
8. Valencia	33	47
9. Villarreal	33	45
10. Getafe	34	43
11. Osasuna	33	39
12. Deportivo Alaves	33	38
13. Sevilla	33	38
14. Las Palmas	33	37
15. Rayo Vallecano	33	34
16. Mallorca	33	32
17. Celta Vigo	33	31
18. Cadiz	33	26
19. Granada	33	21
20. Almeria	33	14