Tuesday, September 28, 2021
HomeNewsBitcoin course current: 50,000 dollars in sight - calm before storm?

Bitcoin course current: 50,000 dollars in sight – calm before storm?

Bitcoin and Ether, the most important cryptocurrencies by market size, initially fell slightly on Thursday. While Bitcoin is trading at around $ 45,580, around 1.52 percent lower, Ether stays at $ 3,162, around two percent lighter than the previous day. However, both currencies can still gain 20 percent in value over a one-week period.

Meanwhile, the tax debates in the USA could continue to have a lasting influence on Bitcoin and Co.

Bitcoin, Ether and Co: US tax debate continues to focus

The US government plans to raise around 28 billion dollars in taxes from the crypto sector over the next ten years in order to help finance the infrastructure program under the leadership of President Joe Biden, which is being discussed in many places. The latest discussions in the Senate about the introduction of the taxation of cryptocurrencies had investors at the beginning of the week increasingly busy and helped the Bitcoin price over the important 200-day line.

A bipartisan group of senators recently negotiated a kind of compromise solution in terms of reporting requirements for cryptocurrencies. In view of procedural reasons, an agreement on reporting obligations for transactions was initially on hold.

Do you already know the top 10 cryptocurrencies to trade in 2021?

Conquering the 200-day line for Bitcoin course tipped the scales

Conquering the 200-day line in the case of Bitcoin could have paved the way for a sustainable trend reversal. The indicator line, which is decisive for the longer-term trend, was exceeded again for the first time since mid-May. Triggered by the stop of Bitcoin payments at Tesla and the wave of regulations from the Middle Kingdom, the prices were badly damaged, especially in May. Falling below the 200-day average had once again forced the downside risks from a technical point of view. The consequent recapture is all the more remarkable.

Bitcoin and Ether: It could go on like this

Even if profit-taking on a smaller scale should not come as a surprise after the latest gains on Thursday, new upward advances could already emerge with a view to the weekend. The technical as well as the fundamental data situation is still in good shape. Last but not least, the recently implemented “London Upgrade”, which has been fueling the price fantasies of investors for weeks, also functions for the Ethereum course.

The Bitcoin course now has to hit the $ 50,000 mark. This could possibly be the case as early as the weekend. On the flip side, profit-taking on a larger scale remains possible should the simmering regulatory issue cause headwinds. In the short term, I expect further upward gains.

How to trade cryptocurrencies with IG yourself

Do you want to trade cryptocurrencies yourself? Open a live or demo account with IG and buy (long) or sell (short) Bitcoin using derivatives such as CFDs in a few simple steps:

  1. Create an IG trading account or log into your existing account.
  2. Enter “Bitcoin” in the search bar and select it.
  3. Choose your position size.
  4. Click Buy or Sell Order Ticket.
  5. Confirm the order.

Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.


Please enter your comment!
Please enter your name here

Trending News

Recent Comments