Home Markets Bitcoin Has Been Trading South Of $40,000—Where’s It Headed Next?

Bitcoin Has Been Trading South Of $40,000—Where’s It Headed Next?

9

Bitcoin prices have been struggling lately, dropping to a six-month low on January 24 and then failing to surpass $40,000.

The digital currency, the largest by market value, climbed to an intraday high of $39,262.10 this morning, according to CoinDesk data.

After rising to that level, the cryptocurrency fell back, declining below $38,500 and then rising toward $39,000, additional CoinDesk figures show.

At the time of this writing, the digital asset was trading close to $38,500.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Following these latest developments, several analysts offered some perspective on bitcoin, including what key variables are affecting…

Click here for full article…www.forbes.com