Bitcoin is moving higher on Thursday, following yesterday’s “jump” on Wall Street, but investors are still worried about the dramatic fall in recent days that has caused the world’s largest cryptocurrency to fall almost below the level of $ 20,000, as broadcast by CNBC.
In particular, according to investing.com, in the last 24 hours Bitcoin has risen 7.73% and is moving at 21,791.5 dollars. At the same time, Ethereum gained 14.52% and moved to $ 1,172.82.
However, Bitcoin is still at December 2020 levels. The cryptocurrency has fallen about 27% in the last week and has fallen almost 70% from its all-time high in November.
Bitcoin is closely linked to stock indices, especially the Nasdaq, which rose 0.75 points on Wednesday after interest rates were raised by the US Federal Reserve (Fed). That’s one reason why Bitcoin is rising on Thursday.
However, there are still some issues that plague the cryptocurrency market.
The investment sentiment is still shaking after the collapse of the stablecoin TerraUSD along with the luna.
Meanwhile, all eyes are on Celsius, the cryptocurrency exchange that could face bankruptcy, raising fears of turmoil in the wider market. It is recalled that earlier this week, Celsius cut withdrawals for its customers.
Source: Capital
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