Investing.com – The price of has dropped dramatically waiting for the halving. Before the opening of the European markets, the most famous cryptocurrency in the world is losing 3.96% in the last 24 hours and is positioned below $61,000, while in the last week the digital asset has lost 12.70%.
Source: Investing.com
If the last rally was caused by the influx of money into spot ETFs, uncertainty now prevails. The one at a global level, with geopolitical tensions growing, favoring traditional safe haven assets such as the dollar and gold, and the financial one, in view of the next Bitcoin halving expected on April 20th. This is the halving of the reward expected for miners of the cryptocurrency which in the past caused a rise in the price of Bitcoin.
To learn more, here is an article that explains what is Bitcoin Halving 2024.
Are you interested in cryptocurrencies? Then use Investing.com to delve deeper into the world of Bitcoin and altcoins: find out how cryptocurrency taxation works in Italy, or delve deeper into the phenomenon of the moment by reading an article that explains what crypto ETFs are.
DISCOUNT CODE
Take advantage of a special discount for subscribing to InvestingPro+ and take advantage of all our tools to optimize your investment strategy. (The link calculates and directly applies the discount of an additional 10%. If the page does not load, enter the code proit2024 to activate the offer).
You will have at your disposal a series of exclusive tools which will allow you to better address the market:
ProPicks: Equity portfolios managed by a fusion of artificial intelligence and human skills, with proven performance.
Pro Tips: digestible information to simplify masses of complex financial data into a few words
Fair Value e Health Score: 2 synthetic indicators based on financial data that provide an immediate view of the potential and risk of each security.
Advanced Stock Screener: Search for the best stocks based on your expectations, taking into account hundreds of financial metrics and indicators.
Historical financial data for thousands of stocks: So that fundamental analysis professionals can dig into all the details themselves.
And many other servicesnot to mention the ones we plan to add soon!
Take advantage HERE AND NOW of the opportunity to get the Investing Pro+ annual plan with a special discount. Use code proit2024 and get over 40% off your 1-year subscription.
Pro Information
Here are our recommendations on Italian stocks undervalued in April 2024.
Watch a video that explains it how to use InvestingPro Fair Value to adapt your portfolio to the next market movements.
You can register for free for the next webinar on April 23 “Trend reversals: how to recognize them in Trading” at THIS LINK.