The cost of the first cryptocurrency has recently risen above $40 100
On the evening of January 14, the bitcoin rate rose above $40 000, the highest price of $40 100 was recorded on the Coinbase exchange.
Bitcoin set a record price on January 8. After that, the coin rate began to decline, on January 11, dropping below $31 thousand. Since then, the value of the coin has recovered by more than 30%.
During this decline, large institutional investors predominantly bought bitcoins. According to data from one of the largest crypto exchanges in the world, retail market participants, on the other hand, tried to sell the falling asset.