Bitcoin price slips, shattering two days of gains

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Kasta co-founder Carl ‘The Moon’ Runefelt gives his outlook for bitcoin in 2022 on ‘The Claman Countdown’.

The price of Bitcoin remained lower on Friday morning after Thursday’s drop interrupted two days of gains.

The cryptocurrency reflected the fall in tech stocks during the trading session. The concern remains that the Federal Reserve will start raising interest rates, according to Coindesk.

While a rate hike can dampen inflation, it will also put pressure on risky assets.

Digital currencies are expected to be more and more accepted this year.

Almost a quarter of small businesses in nine countries around the world plan to use it as a payment method, while 13% of consumers in those countries expect retail stores to start offering crypto payments this year. and beyond, according to a survey by Visa Inc.

The survey included 2,250 small business owners, 1,000 adults in the United States, as well as 500 adults from each of the nine countries, according to Reuters.

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Although they are growing in popularity, cryptocurrencies are not widely used to pay for goods and services, in part because of their fluctuation in value.

Bitcoin fell more than 5% on Monday, falling below the $ 40,000 level for the first time since September.

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In other news, cryptocurrency exchange Coinbase said it was buying a crypto futures exchange, FairX, as part of an initiative to offer crypto derivatives to traders in the United States.

FairX, which was launched last year, is the trade name for LMX Labs. It sells futures and is regulated by the United States Commodity Futures Trading Commission (CFTC).

Ticker Security Last modification Modification% COIN COINBASE GLOBAL INC. 228.23 -6.47 -2.76%

Coinbase has said it wants to make trading in regulated crypto derivatives accessible to retail and institutional clients, according to Reuters.

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Crypto futures and options products, especially those offered by regulated platforms, are widely considered to be less risky than buying and selling spot trades.

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