Source: ShutterstockBitcoin exchange rate (BTC) cracked the impressive $ 40,000 mark on Thursday, January 7, 2021, at 7:20 p.m. It didn\u2019t take a week for the price to jump from $ 30,000 to $ 40,000. A pace that can legitimately be frightening. Why the correction has not materialized so far and how the exponential price growth can be explained.On Thursday morning, it was not Bitcoin but the overall market that was in focus. The total market capitalization of all cryptocurrencies has broken the impressive mark of one trillion US dollars \u2014 in numbers 1,000,000,000,000. Since midday, however, the Bitcoin rate has also set a new record. For example, the BTC rate is up over 13 percent over a 24-hour period. On a weekly basis, it is even more than 38 percent. With the exception of the cryptocurrency XRP, there is no coin with a larger daily plus among the top 20 cryptocurrencies.Bitcoin\u2019s market cap itself is $ 720 billion. This corresponds to a Bitcoin dominance compared to the Altcoins of around 69 percent.As you can see, the pendulum swings all the way to the right. The result: extreme greed. However, this greed is mainly driven by large investors and not by private investors. All of Voyager Digital\u2019s crypto asset managers through Galaxy Digital announce record reports in assets under management. The crypto exchanges are downright being bought short by institutional investors. This can also be seen in the OTC volumes such as Coinbase Pro, where billions in Bitcoin are purchased every day.The sell-off of Bitcoin, which is still freely tradable, is being driven by investment companies such as VanECK, Coinshares, or ETC Group, who purchase Bitcoin in order to use it as an underlying for their financial products.If you consider that these are only bonds such as ETNs and not\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Source: ShutterstockBitcoin exchange rate (BTC) cracked the impressive $ 40,000 mark on Thursday, January 7, 2021, at 7:20 p.m. It didn\u2019t take a week for the [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3148"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=3148"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=3148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=3148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=3148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}