Daily market update: Bitcoin hits $40k, briefly flips TeslaTeam Luno
The price of bitcoin continues to hit new highs, bouncing over $40,000 like Tigger on a trampoline, before a sharp correction saw it crash $3,000 in less than an hour.
You can’t keep a good cryptocurrency down, though, and the world’s oldest was soon back in action, springing back to around the $39,000 mark.
This kind of volatility is to be expected in a bull market as people take profits – which might not make it any less nerve-wracking when it happens, but this is cryptocurrency and those of us who have been here a while have learnt to roll with the punches and see opportunities where we can get them.
As always, stay safe out there – spend what you can afford, do your own research, and DO NOT GIVE YOUR PASSWORD TO STRANGERS ON THE INTERNET WHO PROMISE TO TRADE FOR YOU. DO NOT EVER DO THAT.
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Disclaimer:
The content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
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