{"id":149312,"date":"2021-01-07T21:11:12","date_gmt":"2021-01-07T18:11:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-hits-40000-less-than-three-weeks-after-shattering-20k\/"},"modified":"2021-01-07T21:11:12","modified_gmt":"2021-01-07T18:11:12","slug":"bitcoin-price-hits-40000-less-than-three-weeks-after-shattering-20k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-hits-40000-less-than-three-weeks-after-shattering-20k\/","title":{"rendered":"# Bitcoin price hits $40,000 less than three weeks after shattering $20K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33f0a850374\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33f0a850374\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-hits-40000-less-than-three-weeks-after-shattering-20k\/#BTC_price_crushes_the_30000_corridor_in_record_time\" >BTC price crushes the $30,000 corridor in record time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-hits-40000-less-than-three-weeks-after-shattering-20k\/#Altcoins_beat_Bitcoin_gains_in_2021\" >Altcoins beat Bitcoin gains in 2021<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price hits $40,000 less than three weeks after shattering $20K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) hit $40,000 on Jan. 7 in the latest psychologically significant milestone for cryptocurrency bulls.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_crushes_the_30000_corridor_in_record_time\"><\/span>BTC price crushes the $30,000 corridor in record time<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets\u00a0and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a> confirmed BTC\/USD officially hitting dizzying new highs during trading on Thursday, bringing weekly gains to more than 40%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/996e3059-4996-42fe-aefb-ffebe03e310d.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-minute candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>In just one of various achievements for Bitcoin this year, the largest cryptocurrency conquered bearish prognoses of a retraction after rising rapidly throughout the past 24 hours.<\/p>\n<p>As Cointelegraph reported, Bitcoin\u2019s NVT ratio led signals suggesting that the bull run was far from over, and likely only beginning. <\/p>\n<p>According to Cointelegraph Markets analyst\u00a0Micha\u00ebl van de Poppe:<\/p>\n<blockquote><p>&#8220;Markets are doing great and the bull cycle is starting up nicely here. That means that the market will probably continue running heavily this coming year. With the standard 20-30% corrections, be prepared, they occur and they are opportunities.&#8221;<\/p><\/blockquote>\n<p>&#8220;Less than a month after Bitcoin broke through $20k its price has doubled to $40k.\u00a0 It&#8217;s now hard for anyone to deny we are seeing the maturation of a whole new asset class, This could be the &#8216;broadband moment&#8217; for cryptocurrency &#8211; where every company and individual needs to think seriously about how they engage and interact with cryptocurrency,&#8221; added Sui Chung, CEO of CF Benchmarks, which is the FCA-regulated indices provider used by CME.<\/p>\n<p>Barry Silbert, who until today was CEO of asset manager Grayscale, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1347223806901968897\">summarized<\/a>:<\/p>\n<blockquote><p>&#8220;Funny to think that a bitcoin price retrace to $20,000 would feel like the buying opportunity of a lifetime.&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of Bitcoin&#8217;s successes meanwhile radiated beyond cryptocurrency circles, making it onto the radar of finance figures including\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1347220577556324352\">Holger Zschaepitz<\/a>, a popular financial commentator and regular contributor to German news publication Die Welt.<\/p>\n<p>Mati Greenspan of Quantum Economics suggested that: <\/p>\n<blockquote><p>&#8220;Charts only tell the past and we&#8217;re in brand new territory. This bull run began at $10k and 10x the previous all-time high seems about the norm for a bitcoin bull cycle. So since we&#8217;re <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaching the halfway mark with extreme momentum, outstanding volumes and exceptional fundamentals, I see this as a stop on the road to a Bitcoin price that could possibly be around $100k.&#8221;<\/p><\/blockquote>\n<p>On the other hand, David Lifchitz, CIO of asset management firm ExoAlpha, added a note of caution. Bitcoin, he argued, was rising too quickly, invoking memories of the dot-com boom.<\/p>\n<p>&#8220;What is concerning is not the fact that BTC is going higher, it&#8217;s its velocity (the speed at which it goes&#8230;) that is worrisome&#8230; definitely in bubble territory, but history has shown that &#8216;markets can remain irrational longer than you can stay solvent,&#8221; he told Cointelegraph in private comments. <\/p>\n<blockquote><p>&#8220;In late 1999, everybody was convinced that we were at the top but the tech stock bubble lasted another 3 months and went higher and higher until it eventually popped big time.&#8221;<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Altcoins_beat_Bitcoin_gains_in_2021\"><\/span>Altcoins beat Bitcoin gains in 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Year-to-date, BTC\/USD has delivered returns beaten only by certain altcoins. Currently, Ether (ETH) is up 62% for the year and Stellar (XLM) has rallied 150%. As a result, Bitcoin&#8217;s dominance index has slid below 70%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/6f8a418f-75df-4ec3-a906-545fb2942f8b.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin, Ether gains in 2021. Source: Digital Assets Data<\/em><\/figcaption><\/figure>\n<p>In Ether\u2019s case, all-time highs remain right around the corner and some analysts estimate that the top altcoin could rally as high as $2,600 in the short term.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-hits-40-000-less-than-three-weeks-after-shattering-20k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price hits $40,000 less than three weeks after shattering $20K &#8221; Bitcoin (BTC) hit $40,000 on Jan. 7 in the latest psychologically significant milestone for cryptocurrency bulls. BTC price crushes the $30,000 corridor in record time Data from Cointelegraph Markets\u00a0and TradingView confirmed BTC\/USD officially hitting dizzying new highs during trading on Thursday, bringing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":149313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/24d07914-1cf0-4f29-97cd-53d850ba2c57.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-149312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/149312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=149312"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/149312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/149313"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=149312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=149312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=149312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}