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Bitcoin is up over 150% this year. On Monday (23), Bitcoin’s gains continued and continued to advance to all-time highs. The rise of other cryptocurrencies should not be underestimated. The rise of safe-haven digital currencies made gold prices pale in comparison.
After breaking above $ 18,000 last week, Bitcoin continued to attack Monday, hitting an intraday high of 18,766 and steadily advancing to the high of $ 20,000 set in mid-December 2017.
The rise of other cryptocurrencies has also caught up. Ether (ETH), which just broke the $ 500 mark the day before yesterday, was up more than 4.9%, directly topping $ 600, hitting $ 608.21 for the first time since June 2018. Ripple (XRP) rose more than 26%, reaching 59 cents at one point, setting a new record in more than two years.
Gold fell on Monday and the price of gold fell slightly before the deadline, tentatively to $ 1,835.20 an ounce.
Peter Wall, CEO of Argo Blockchain, said that what investors usually see is Bitcoin starting to rise. After a period of time, it can be a week or a month. Other altcoins are also keeping pace. Bitcoin is leading the climb. Cryptocurrencies are very close.
However, what is the difference between the currency boom and the last time (2017)? Crypto Bull analysts say that the cryptocurrency market is much more mature than it has been in the past three years.
The investment manager and manager of Quantum Economics, Mati Greenspan, explained that the main difference between the past, the present and the rebound of 2017 is that the market was driven by retail speculation at the time, but is now driven by companies and reputable investors.
Fidelity Digital Assets, a cryptocurrency subsidiary of Fidelity Investments, requested the establishment of a Bitcoin fund. PayPal (PYPL-US) joined the currency circle and launched the “cryptocurrency trading” service.
Big name investors like divine level trader Paul Tudor Jones and legendary investor Stanley Druckenmiller are also interested in the forex circle. Paul Tudor Jones has publicly called for investment in Bitcoin several times this year, and the rise of Bitcoin is seen as just beginning.
Ledger CEO Pascal Gauthier mentioned that Bitcoin has reached market acceptance and maturity so it is inevitable. The new Bitcoin bull market will last longer than the old one. 2021 will be exciting and you will remain committed to creating exceptional products and technologies, but this time it will be more fluid.
Cryptocurrency analyst Mati Greenspan believes that Bitcoin can not only hit a new all-time high before the end of this year, but it can happen any day.
Mike Novogratz, CEO of Galaxy Digital, Most Bitcoins, had optimistic expectations that bitcoin prices could top $ 55,000 by the end of this year.
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