Bitcoin drops below $40,000 on fears of higher US interest rates

THE bitcoin maintained this Monday (10) a downward trend of the last few days, reaching below the house of US$ 40 thousand. The movement occurs amid the expectation of a rise in interest rates earlier and faster than expected in the U.S.

At around 11:55 am, the main cryptocurrency of the world retreated 2.70%, to US$ 40,757, after registering a minimum of US$ 39,658. The week before, bitcoin had already retreated, moving away from the $50,000 mark, passed for the first time in 2021.

The last time the cryptocurrency closed negotiations below US$ 40 thousand was in August of last year, before news from the sector that increased the value of the asset. On Sunday (9), bitcoin closed in fall, at US$ 42,085.

The retreat is not exclusive to the cryptocurrency market. US Treasury bonds are naturally attractive for their security, and the high fees further enhances this attractiveness.

The expectation that the Federal Reserve, central bank two United States, raise interest in March Due to the inflationary scenario, investors changed capital flows, leaving less attractive and riskier investments.

This is the case for cryptocurrencies, but also for the Brazilian market, with the Ibovespa closing the first week of 2022 in fall.

Bitcoin was already declining at the end of 2021 due to a profit-taking movement, and also because of the concern with the increase in Covid-19 cases around the world, with the spread of Ômicron variant.

Other cryptocurrencies also retreated on Monday. THE Ethereum, the second most traded cryptoactive, fell 6.37%, to US$ 2.986,moving away from the US$ 3,000 house reached in 2021.