Today has begun with the fact that the price of Bitcoin has risen above the important level of $ 4,000. However, there is a lot of negative news on the cryptocurrency market, so one member of the governing board of the European Central Bank said that cryptocurrency is nothing but a fairy tale. Mr. Harrison said that investors in the market need protection because assets can be used to promote illegal activities. He also said that cryptocurrencies pose a threat to the stability of the financial system, citing the growing link between the two types of assets.
According to other news, the chairman of the National Economic Council of Israel denied the internal effectiveness of Bitcoin and even made a prediction that the virtual asset would disappear. According to the Cointelegraph, economist Avi Simhon made this comment during the just-concluded Israeli Bitcoin summit, which took place today – January 8th.
He hoped that if Bitcoin became a national or world currency, it would need “trillions of dollars in actual energy costs” compared to the current system of fiat payments.
Against the background of all these negative sentiments in the market, Bitcoin managed to control the decline and shows an increase of about 1%, trading at $ 4,073. In fact, the figure of the bull flag, which continues to form, is gradually approaching a breakthrough. Bitcoin is designed to move to $ 4,100 and may eventually test a level of $ 4,200.
And what do you think about this?
