Bitcoin Reached 40 Thousand Dollars Again!

Bitcoin, which dropped sharply last week to $ 31,000, recovered and rose to $ 40,000.

Bitcoin reached 40 thousand dollars again. BTC has begun to recover this week after falling to $ 31,000 last week. The leading cryptocurrency has regained its $ 40,000 level today, rising to the limit of its 200-day moving average. Bitcoin rose gradually after retreating to $ 31,000 over the weekend and reached above $ 40,000. Bitcoin, which fell sharply after the consecutive bans on cryptocurrencies announced by China, had been below $ 40,000 since the weekend. The cryptocurrency, which rose again with purchases on Wednesday, rose to the level of $ 40,400. While BTC's 50-day moving average cuts its 100-day moving average downwards, the price of the cryptocurrency is at the edge of its 200-day moving average in Wednesday's trading.

Iran Banned Cryptocurrency Mining

Iranian President Hassan Rouhani made a statement on state television and announced that cryptocurrency mining was banned until September 22. According to the current data announced by the Cambridge Alternative Finance Center, Iran is the sixth country in the world with the most cryptocurrency mining and has a 3.82 percent share in global mining. China, which makes up 65 percent of global cryptocurrency mining, announced last week that it banned cryptocurrency mining.