Effects Of The Bitcoin Record

    Bitcoin Broke A Record To Over $ 63K! Bitcoin broke a new record by trading over $ 63K before the Coinbase IPO. Cryptocurrency, which rose during European hours on Tuesday, set a new record. Increasing 4,78 %  to $ 63,158, Bitcoin BTCUSD continued its dizzying growth, driving one-year earnings above 800 %. The Department of Labor reported that US consumer prices rose 2,6 % year-on-year in March. Most importantly, it could be the first public offering of the cryptocurrency exchange Coinbase on Wednesday, which has given the industry an even more official reputation. CNBC commentator Jim Cramer posted on his Twitter account that the Bitcoin rally could affect Coinbase pricing. Peter Tchir, a strategist at Academy Securities, emphasized that the increasing tensions between Russia and Ukraine may play a role in this issue: “In countries such as Russia where wealth is concentrated, 'insiders' may know what is going on in advance and position their portfolios accordingly. The evidence of the past in China, we have seen in Turkey and Venezuela. " A survey by Bank of America shows that 74 % of global fund managers think Bitcoin is in a bubble.

 

Source: www.marketwatch.com

   

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