The largest cryptocurrency in the world, Bitcoin, has continued its upward trend and attracted more offers around the $28,000 level as the overall market value of cryptocurrencies surpassed $1.17 trillion, signalling good market momentum and boosting BTC gains.
This pattern correlates with difficulties faced by certain significant US banks, which has reignited debates over the value of digital currency.
Similar to Bitcoin, Ethereum has maintained its bullish trajectory and is currently trading well above $1,800. Significant gains have also been made by other cryptocurrencies like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL).
It’s important to note that Bitcoin, the most widely used cryptocurrency in the world, has climbed by 37% during the past week.
According to this, Bitcoin’s value will have increased by $194 billion, or 66%, by 2023.
But, growing concerns about a global financial crisis led investors to look for alternate forms of currency, like Bitcoin, to protect their holdings.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 27,761.92 |
Bitcoin Price Prediction
The BTC/USD pair kept moving upward, breaking through the $27,750 barrier level. It might get as high as $30,700 if this bullish trend keeps going.
The next support level for Bitcoin is at $23,150, though, if the levels at $26,700 or $25,200 collapse. Due to the development of bullish engulfing candles, the overall trend is still robust despite probable falls.
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