@BOMBERuss 14 April 2022 more from that month

On Thursday, April 14, the #bitcoin exchange rate dropped below $ 41 thousand. As of 20:50 Moscow time, the first cryptocurrency is trading at the level of $ 39.9 thousand, over the past day it has fallen in price by 3%, over the week — by 7%. The capitalization of the asset is $763 billion with daily trading volumes of $24 billion, according to CoinGecko. In the coming week, bitcoin may strengthen to $ 43 thousand, but it is unlikely to rise higher, suggested Roman Nekrasov, co-founder of the ENCRY Foundation. According to him, moderate growth is facilitated by high inflation in the United States, the latest consumer data indicate the persistence and even increase in high inflation risks. The expert expects that the US Federal Reserve will raise the key rate in May, and in just 2022 the US rate may be raised 6-7 times. When inflation is high, market participants always try to reformat their investment portfolio so that assets hedging these inflationary risks are present in it, Nekrasov explained. In his opinion, bitcoin may rise in #price in the coming weeks, but the growth will be moderate, because a strong inflow of capital into the crypto market is not expected — bitcoin has not yet become a fully hedging asset. Cryptorg CEO Andrey Podolyan added that the bulls have one more day left to close the weekly candle above $42.3 thousand. If this happens, then a hammer or doji figure will form on the chart of the #cryptocurrency exchange rate — this will mean the loss of the initiative by the "bears", the analyst explained. He concluded that the bulls need to close the weekly candle above $42.3 thousand in order to reduce the strength of the bears and seize the initiative. The Bears need to close the week below $41k to continue the pressure. Largest Gainers in Crypto Top 300: