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Bitcoin price returned to levels above $ 40,000

The price of the first cryptocurrency accelerated its growth, successfully breaking the psychological level of $ 40,000.

At the time of writing, bitcoin is trading in the $ 40,400 area. Digital gold was last seen at these levels on January 10.

Bitstamp’s 4-hour BTC / USD chart from TradingView.

Renowned trader and tech analyst Mikael van de Poppe expressed the opinion that digital gold is currently testing the level of the resistance zone separating the price from the new high around $ 50,000.

The total market capitalization at the time of writing is $ 1.23 trillion. Bitcoin dominance index is 60.9% (according to CoinGecko).

Earlier today, ForkLog reported that hashrate and mining difficulty metrics hit all-time highs.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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