{"id":305,"date":"2023-12-04T17:16:23","date_gmt":"2023-12-04T11:46:23","guid":{"rendered":"https:\/\/gift-nifty.info\/?p=305"},"modified":"2023-12-04T17:16:30","modified_gmt":"2023-12-04T11:46:30","slug":"bitcoin-breaks-40k-mark-first-since-may-2022","status":"publish","type":"post","link":"https:\/\/gift-nifty.info\/blog\/bitcoin-breaks-40k-mark-first-since-may-2022\/","title":{"rendered":"Bitcoin Breaks $40k mark \u2013 First Since May 2022"},"content":{"rendered":"\n

For the first time since May 2022, bitcoin is above $40,000 as traders speculate on the upcoming approval of U.S. stock market-traded bitcoin ETFs and as the cryptocurrency rides a wave of enthusiasm surrounding U.S. interest rate cuts.<\/p>\n\n\n\n

What is Cryptocurrency?<\/strong>\nCryptocurrency is, to put it simply, a digital asset. The exchanges are extremely safe because every transaction is highly encrypted, which is where the name comes from. Unlike traditional currencies, which are regulated and administered by a central body, it is decentralized. A cryptocurrency can be compared to precious metals like gold and silver because they have a limited supply. <\/pre>\n\n\n
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The largest cryptocurrency in the world reached its highest level since April 2022 on Monday, hitting $41,748. This appeared to shake off the negativity that had enveloped the cryptocurrency markets after FTX’s collapse and other cryptocurrency-related business failures earlier in the year.<\/p>\n\n\n\n

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