Bitcoin, it is not very far from reaching a valuation of $100,000

  • 2021 is going to be a huge success for bitcoin, as well as Ethereum, if we see from the perspective of the highest attained price
  • The crypto volatility has marked a huge and sudden price rise for BTC and ETH, leading to innumerable speculations
  • The bullish trend might last and these players might stay on top of the chart for a long time

The volatility in the crypto market is not something unknown, we have seen how the prices have struck the highest, and fallen to the lowest. Such inconsistency does pose a lot of threat to the investors and traders in this market, but a lot of them are attracted to the high return rates that makes them take the risk even though it might lead to disasters. 

Eyeing the price chart of Bitcoin over the past few years, will tell us how volatile its price has been. Analysts have mentioned that with the present performance of Bitcoin, it is not very far from reaching a valuation of $100,000. 2021 is going to be a huge success for bitcoin, as well as Ethereum, if we see from the perspective of the highest attained price. 

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The latest price of Bitcoin, as of 21:25 PM, IST, is $57,507.16. Today’s lowest touched $54,474.95. Such a price of a crypto asset is something worth our notice. Similarly, if we look at Ethereum, its progress is also commendable. The price has attained a value of $3,500, which is a huge success for the ETH community. The last downfall seen by them was at $2,600, and now the constant rise has led to a positive outcome. 

Both BTC and ETH are doing good in the market, and their current prices are something that was not expected. Such a bullish trend does seek a lot of risks, but people are freely investing in these volatile assets, and the market is continuously growing. 

This positive amount of growth has marked a point wherein the crypto industry can achieve their goal of getting approval for their ETF plan, which would be a Bitcoin exchange-traded fund. After an analysis and a rework on the price crash that was experienced by bitcoin, it is now ready to flourish. There seems to be  a refreshed market with a bullish trend if we look at Ethereum and Bitcoin. Even with all the growth and price rises, the sudden leap in the price is creating a lot of speculations among the crypto market. 

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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