On March 29, after several days of seesaw, bitcoin broke through 57000 US dollars / piece again, and went up nearly 800 US dollars in the short term, rising by more than 2% within the day.
In the past half a month, the price of bitcoin has fallen to the lowest level of nearly 50000 US dollars after breaking through 60000 US dollars. For a period of time, the price has been in a sticky state and fluctuated frequently.On March 26, bitcoin fell to a weekly low of $50772.Since then, with market information revealed that the pace of preparing digital euro by the European Central Bank has accelerated, and the price of bitcoin has risen again, and the price of bitcoin once exceeded $57800.
On March 29, it was reported that visa allowed payment and settlement using cryptocurrency. Affected by this news, bitcoin prices rose in the short term, breaking through 57800 US dollars per piece.
Visa will accept payment in cryptocurrency
Users will be allowed to settle transactions on their payment networks using the cryptocurrency dollar, the latest sign of growing acceptance of digital currency in the mainstream financial industry, Reuters said on Monday.Visa has launched a pilot program with crypto.com, a payment and crypto platform, and plans to offer the option to more partners later this year, the company said.USD currency (usdc) is a stable currency, and its value is directly linked to the US dollar.As of press release, visa rose by 2.67% before trading.
The three major U.S. stock indexes all rebounded, and BTC, which has strong linkage with US stocks, also rose slightly today.Visa announced today that it will allow the stable US dollar currency, which uses cryptocurrency, to settle transactions on its payment network, thus eliminating the need to convert digital currency into traditional currency to complete transactions. This shows that the mainstream financial industry is increasingly accepting digital currency.In addition, after the new $1.9 trillion rescue bill, investors' concerns about the expected tightening of monetary environment caused by inflation have been further resolved, which makes BTC rebound to some extent.
Visa will allow the use of usdc, a stable currency, to settle transactions on its payment network.In the future, the compliance and ease of use of the compliance stable currency will increase its market share and user population.At present, payment giants visa, paypal and MasterCard have all supported payment or settlement of cryptocurrency, making more people realize the combination of cryptocurrency and traditional fields.As the largest cryptocurrency, bitcoin will also be known by more users outside the circle. Most of the combination related to cryptocurrency in the financial circle will directly affect the decision of retail investors to buy a large number of products, which will bring benefits to the rise of bitcoin.
Similarly, on March 24, musk said on the social platform that users could buy Tesla cars with bitcoin.And the bitcoin that users pay Tesla will remain bitcoin and will not be converted into legal tender.
Shortly after Musk's post, the price of a single bitcoin rose 3% to $56242, enough to buy an entry-level Tesla.
With Tesla, the global electric car giant, Blackstone Group, the world's largest asset management company, and akar, the Norwegian oil giant, investing in Bitcoin, Bitcoin is gradually evolving from the alternative investment of the past niche to the' digital gold' facing the public. Therefore, under the background of high inflation expectations in the future, Bitcoin with a fixed total ceiling has become a good asset against inflation, which is sought after by the market and its price is rising.
If there is an inflection point in the global economy, the main reason supporting the rise of BTC may disappear
The market generally believes that for the development of the market outlook, it is necessary to refer to whether the expectations of the fundamentals of the global market have changed, and water release is not a sustainable state. If there is an inflection point in the global economy, the main reasons supporting the rise of BTC in this round may disappear, so please pay close attention to the changes of macroeconomic policies.
What issues should investors pay attention to when holding bitcoin? Du Jun said that for the first time, Bitcoin is a high-risk and highly financial digital asset. Any financial product will rise and fall, and it is very normal for prices to fluctuate.
In the rising market in 2017, the price of Bitcoin has experienced several sharp corrections of 20% to 30%. At the end of 2020, Bitcoin quickly rose from $10,000 to $42,000, and accumulated a lot of profit-taking risks. It is inevitable that there will be a deep correction. Recently, Bitcoin rose to $60,000, and it may fluctuate up and down for a period of time.
Secondly, the fierce game between the global water release logic and the global supervision will also lead to violent fluctuations in bitcoin prices. Therefore, the price of bitcoin cannot get rid of the cyclical law, and it will inevitably rise and fall and fluctuate continuously. In this case, bitcoin is prone to form speculative bubbles, which requires investors to look at the price rise and fall rationally.
At present, there is a wave of high attention to Bitcoin all over the world. But Michael Sonnenshein, CEO of Bitcoin Megawhale Gray, thinks that many investors are attracted by crypto assets because of the verifiable scarcity of Bitcoin.
Bitcoin is a high-risk financial product, and its price fluctuates greatly. Therefore, investors need to rationally manage their investment according to their own investment ideas and control strategies, treat the bitcoin market carefully, fear the market, know ourselves and know each other, understand the changes in the global market, and form an effective trading system in combination with their own investment characteristics, so as to gain their own maximum benefits.
According to the Bitcoin ban, it looks like it will find $ 100,000 towards the end of the year and then travel around $ 85-90,000.