Bitcoin

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin (BTC) maintains its position above the $69,000 technical support as traders await significant events.</li>
 <li>Bitcoin has set new record highs in several fiat currencies, including the Japanese Yen and the British Sterling Pound.</li>
</ul>
<p>Bitcoin (BTC) is sustaining its position above the technical support level of $69,000.</p>
<p>This is in anticipation of an eventful week that includes the release of the U.S. Consumer Price Index (CPI) report and a key interest rate decision from the European Central Bank (ECB).</p>
<h2 id="bitcoin-s-price-performance">Bitcoin’s Price Performance</h2>
<p>On April 9, BTC’s price was trading as high as $71,760 in the U.S. and €66,000 in the eurozone.</p>
<p>This was a correction from their respective three-week highs established a day prior.</p>
<p>Interestingly, on the same day, the cryptocurrency set new record highs in some fiat currency denominations.</p>
<p>These included the Japanese Yen (JPY), where the BTC/JPY exchange rate reached ¥10.99 million, the highest to date, and the British Sterling Pound (GBP), where the BTC/GBP exchange rate reached a new record high of around £57,560.</p>
<h2 id="reasons-for-bitcoin-price-variation">Reasons for Bitcoin Price Variation</h2>
<p>Bitcoin prices vary across fiat markets due to differences in supply and demand dynamics, varying levels of access to exchanges, regulatory environments, and the efficiency of financial infrastructure in different countries.</p>
<p>Market liquidity can also play a significant role.</p>
<p>In markets where Bitcoin is harder to obtain, prices may be higher.</p>
<p>Additionally, currency stability affects Bitcoin prices.</p>
<p>In countries with less stable currencies versus the dollar, Bitcoin may be considered a safer asset, pushing prices up.</p>
<p>For example, 47% of consumers in Nigeria and Turkey, where local currencies lost around half of their value against the dollar in 2023, had likely engaged with cryptocurrencies by either using or owning them within the same year.</p>
<p>“The dollar is a vampire. It drains the life out of every other fiat currency,” argues Balaji Srinivasan, a Silicon Valley investor and entrepreneur.</p>
<p>“But then Bitcoin flips the dollar. Because since Bitcoin’s inception…USD has collapsed against BTC by six orders of magnitude.”</p>

Current Bitcoin Value: Today’s Price Insights Revealed

목차

crypto.ro global

2024년 4월 9일에 게재된 다른 기사

Controversial Bitcoin Report from German Banking Giant Deutsche Bank! "Expectation of $20,000 in ...

Solana’s Rise in the Payments Sector

Weekly Crypto Market Update: Bitcoin Strengthens, Altcoins Target Resistances

Elon Musk Warns of AI Supremacy: Projects Robots Outsmarting Humans

A16z Crypto Launches Jolt to Boost Blockchain with ZK Proofs

Top Dogwifhat (WIF) and Bonk (BONK) Competitor Rockets 120% in One Day, Breaks All-Time High

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!