Top of the evening from here Investors,
Feels refreshing to realize that there is Joy and excitement in the Crypto market presently as Bitcoin, the mother of all cryptocurrencies gears up to pilot investors through the bull run. The price of number one ranked cryptocurrency based on Market Cap just soared higher to achieve a new all-time high of $40.180k just few hours ago according to CoinGecko.
A 1-Day BTC/USD Price Chart From (Bitstamp) Trading View
Bitcoin which now has market cap of over $700 billion has made weekly gains of over 40% just in this new year, had its price rising 400% all through the 12 months of last year.
For the first time in History, the cryptocurrencies market is now worth more than $1 trillion. This simply means that the worth of cryptocurrencies market is now almost half as much as the world's most valuable company, Apple.
Based on Analysis, it has been confirmed that the value of cryptocurrencies at the moment is also now more than that of the Swiss economy which accommodates most of the world's giant gold vaults and financial institutions.
The immediate past C.E.O of Digital asset manager, Grayscale Mr Barry Silbert tweeted about Bitcoin today.
https://twitter.com/BarrySilbert/status/1347223806901968897?s=19
- BarrySilbert
Grayscale now has Michael Sonnenshein who is currently the MD as the new C.E.O.
Bitcoin Price on CoinGecko
Bitcoin has gone up 10.2% in the past 24hours with trading volume of $81 billion in the same 24hours. As at the time of writing this article, it's price is $39,228.49 on CoinGecko
A 24-hour Bitcoin Price Chart on CoinGecko
As it stands, Bitcoin investors are soon going to witness the price of BTC at $50k before the end of this month and probably $100k before the end of 2021. The best time to invest in the world's number one cryptocurrency is now not minding the present market value as the way financial institutions are getting attracted and interested due to the current daily buys, i do not see the price of the coin dipping anytime soon.
Disclaimer: This is not a Financial advice.