- July 27, 2021
- Posted by: Stratford Team
- Category: Business
Capitalist Pig hedge fund manager Jonathan Hoening and former investment banker Carol Roth on the future of cryptocurrency.
After dipping under $30,000 last week, Bitcoin rebounded and briefly surpassed $40,000 for the first time since June on Monday.
For the past couple of months, Bitcoin has been trading between $30,000 to just under $40,000. After hovering around this mark for the better part of June and July, speculators wondered whether the cryptocurrency was still dipping after correcting from its all-time high of $64,800 back on April 14, 2021.
Bitcoin hitting 40K before dipping back down.
At about 3 p.m. EDT Monday, the price of Bitcoin was at one point up as much as roughly 17% over the past 24 hours at $40,539. That also marked a 27% increase over the last week when prices bottomed out at around $29,500, according to Coindesk.
With the recent news that Amazon.com, Inc. is on the hunt for a cryptocurrency expert to manage its…
