Expert: the cryptocurrency market froze in anticipation of new impulses

 The cryptocurrency market “froze” in anticipation of news from institutional investors, which can give new impetus to the most popular cryptocurrency – bitcoin; over the past seven days, the coin has not managed to overcome the psychological mark of $ 40,000, Gleb Kostarev, director of Binance (the largest exchange in terms of trading in cryptocurrencies) in Russia, told RIA Novosti. Coin with bitcoin cryptocurrency logo Bitcoin drops slightly to $ 31.5 thousand </br>

According to the expert, today bitcoin is trading at $ 31.5 thousand. According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, as of 10.15 Moscow time, the cost of bitcoin is growing slightly by 0.66% – to $ 31,725. On the Binance exchange, bitcoin rises in price by 0.7% – up to $ 31,663. </br>The dynamics are given everywhere in a day. “Over the past seven days, the historic coin has not managed to overcome the new psychological mark of $ 40,000.

The market has frozen in anticipation of large-scale news from institutional investors that can give new impetus to Bitcoin. Also, the market is waiting for more understanding in the field of regulation from the authorities USA, and their neutral attitude towards cryptocurrencies, “said Kostarev.

The expert recalled that last week it became known that an international investment company headquartered in New York, BlackRock, showed interest in cryptocurrencies, allowing possible investments in bitcoin. “And also the Chicago investment corporation Rothschild Investment Corporation has increased its investments in crypto-gold through the Grayscale fund. According to Coindesk, the volume of funds invested in bitcoin from the investment company has increased by 24% and now is about $ 1 million,” the head of Binance in Russia summed up. Souvenir coins with cryptocurrency logos The court overturns the decision to block the site of the crypto exchange Binance in Russia Bitcoin soared in value in the second half of December. On December 16, the cryptocurrency exceeded its all-time high of $ 20,042, held since 2017, and has since more than doubled it. On January 8, Bitcoin set another historic record of $ 41,950, after which it rolled back down.