Business

Bitcoin is unstoppable! It hit $ 28,900 per unit and will continue to rise, according to experts

In less than three weeks, the popular cryptocurrency has seen a 60% increase in value, and specialists predict it will hit $ 30,000 in the near future.

3 min read

Bitcoin is unstoppable! It hit $ 28,900 per unit and will continue to rise, according to experts
Bitcoin is unstoppable! It hit $ 28,900 per unit and will continue to rise, according to experts

This story originally appeared at high level

This Wednesday, December 30th, the Bitcoin reached a new all-time high. The cryptocurrency was trading above that $ 28,900 (approximately 574,000 Mexican pesos). This represents a Increase of more than 60% in its unit price since last December 12th.

In the last 24 hours the Bitcoin (BTC) it cost up to $ 28,925, based on data from CoinMarketCap and Glassnode. The site Coindesk, which specializes in crypto currencies, registered a maximum of its own 28,969 Dollar.

However, the price of Bitcoin did not stabilize at this all-time high for long and continues to fluctuate. Minutes after exceeding $ 28,800, it had a slight decrease to nearly $ 28,600. But it recovered quickly, rose higher, and did not fall below that low.

On December 12, the value of a Bitcoin was around $ 17,650. On the 16th of the same month he broke the barrier of $ 20,000 and it hasn’t stopped climbing since then. This leads to a Almost 64% increase in just 18 days.

Will Bitcoin Reach $ 30,000?

According to the latest report from Glassnode, a company that analyzes cryptocurrency behavior, the Bitcoin has a bright future thanks to it few units available on the market.

Just one 22% of bitcoins in stock They really would be part of the market. Meanwhile, a larger number of large investors are buying the cryptocurrency as a store of value, according to the company. In his calculations, these constantly moving BTCs are only 4.8 of the more than 18.5 million that exist.

The researchers found that the number of bitcoins in motion has decreased in recent months. There are fewer and fewer companies willing to sell their bitcoins. “This suggests that the current bull market is being driven by amazing illiquidity.”says the report.

The study therefore concludes that the lack of BTC in the market predicts a future price increase for the cryptocurrency. In other words, the fewer the circulating units available, the more expensive it is to obtain them. Specialists project that it will soon reach $ 30,000 per unit.

Similar Posts