On the evening of January 14 bitcoin rate rose above $ 40 thousand, the highest price of $ 40.1 thousand was recorded on the exchange Coinbase. In the last 24 hours, the cryptocurrency rose by more than 15%, and its market capitalization rose to $ 738 billion.
According to Coinmarketcap, the total trading volume of BTC during the last 24 hours amounted to $ 64 billion. To update the historical maximum of $ 42 thousand, BTC will have to go up another 5%.
Recall, bitcoin set a price record on January 8. After that, the rate of the coin started to decline, dropping below $31,000 on January 11. Since then, the value of the coin has recovered by more than 30%.
As RBC specifies, citing funds NYDIG and Cambrian, during this decrease large institutional investors mainly bought bitcoins. Retail market participants, on the other hand, were trying to sell the cheapening asset.