Bitcoin climbed to over $ 40,000 on Wednesday for the first time this week as the volatility of the cryptocurrency highlighted its most negative aspect.
The cryptocurrency rose 6.5% to $ 40,763 before retreating to $ 39,814 at the moment we are writing according to the Bitstamp stock exchange.
However bitcoin is 30% lower than the record value and has lost over 37% since it arrived near the $ 65,000 limit in April.
Recall that during this year it has increased by 40%.
Last week Bitcoin fell to 30 thousand dollars, the lowest point since January. The cryptocurrency’s decline came from Elon Musk’s comments but also China’s fight against cryptocurrencies. / PCWorld Albanian