Crypto Market Cap Smashes $1 Trillion with JPMorgan Projecting $2.5 Trillion to Come

Crypto Market Cap Smashes $1 Trillion with JPMorgan Projecting $2.5 Trillion to Come

The cryptocurrency industry has surpassed the $1 trillion market capitalization, creating a new milestone in just over a decade since Bitcoin heralded the potentials in the newly invented digital currencies. Recent market projections from JPMorgan indicate that there could be an additional $2.5 trillion to come over the next year.  According to CoinMarketCap, the crypto industry now has an exact market capitalization of $1,008.32 Billion at the time of writing. The volatility of the entire markets fueled by the intense buying and selling of the top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and other altcoins had fueled this growth in market cap which was

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Ethereum and Litecoin Could See Slight Correction Before Continuing Bull Run

Ethereum and Litecoin Could See Slight Correction Before Continuing Bull Run

Ethereum’s price has seen a considerable climb so far in 2021, following the lead of Bitcoin (BTC). Ethereum has recently broken past the $1,100 level, taking ETH closer to its all-time high price. Ethereum (ETH) is currently trading at $1,107 at the time of writing, up by over 7 percent in the past 24 hours. In the past week, Ethereum has surged by over 50%. Ethereum’s all time high price was at over $1,440 in 2018, almost three years ago. The altcoin market capitalization is still currently bullish, according to cryptocurrency trader Michael van de Poppe. He added: “The #altcoin market

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Public Demand for Bitcoin over Gold Could See BTC Price Target Hit $146,000, according to JPMorgan

Public Demand for Bitcoin over Gold Could See BTC Price Target Hit $146,000, according to JPMorgan

Bitcoin (BTC) has enjoyed a rollercoaster ride in recent weeks by hitting a record-high of $34,800 even though it has corrected to $31,079 at press time. Leading American bank JPMorgan Chase & Co. believes that this uptrend might be the tip of the iceberg in the long-term if the leading cryptocurrency is able to continue to steal market share and public support from traditional safe-haven asset gold. Bitcoin faces an uphill task JPMorgan strategists noted that BTC will have to increase its current market capitalization of about $575 billion by 4.6 times to hit the theoretical price of $146,000. By

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2 Reasons Why Bitcoin Price Should Reclaim $34,000 This Week

2 Reasons Why Bitcoin Price Should Reclaim $34,000 This Week

The Bitcoin price plunged by over 16 percent on Monday, intraday low of $27,678 where buyer’s kicked in and the BTC price bounced to recover above the $30,000 level. Here’s two reasons we expect Bitcoin to reclaim $34,000 by the end of the week.  The quick recovery to around $32,800 is a major reminder of why the ongoing Bitcoin price rally is completely different from the one that lead to a complete price implosion of December 2017. Bitcoin has been on an explosive surge from $3,858 in March to $34,810 in January 2021—following the whale crypto sell-off yesterday, a fresh wave of

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Bitcoin Has Surged by More Than 295% in 2020 as US Dollar Index Slips to a 32-Month Low

Bitcoin Has Surged by More Than 295% in 2020 as US Dollar Index Slips to a 32-Month Low

Bitcoin’s momentum is not showing any signs of slowing down as it has hit a new record high of $28,600. It has since corrected to trade at $27,808.00 at the time of writing, according to data from CoinMarketCap. This bull run has made the leading cryptocurrency gain more than 295% this year amid an overwhelming appetite from institutional investors, according to Reuters. Per the announcement: “The world’s most popular cryptocurrency was last up 3.7% at $28,375. Since breaking $20,000 for the first time on Dec. 16 it has surged by nearly half.” Things have not been turbulent-free for Bitcoin (BTC) in 2020,

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Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report

Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report

Bitcoin has been on a tear late in the last quarter of 2020, reaching a new all-time high above $28,000 on Sunday, but according to one institutional trader’s analysis—BTC price could peak out early in 2021, providing a prime opportunity to buy the dip. The Bitcoin price is currently at $26,774.36 down is up by nearly 20% over the last seven days. As institutional money and stimulus money printing continues to drive the price higher, one analyst’s charts indicate that the BTC price surge may peak early in 2021. Speaking on CNBC’s Trading Nation, Mark Newton, Founder and President of Newton Advisors said

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Bitcoin Price to Rally Higher as President Trump Signs $900 Billion Stimulus Bill

Bitcoin Price to Rally Higher as President Trump Signs $900 Billion Stimulus Bill

United States President Donald Trump signed the $900 billion pandemic relief bill on Sunday night, effectively adding to the mountain of Federal Reserve debt which could be a further catalyst for the Bitcoin (BTC) price to continue its sensational rally. Bitcoin’s weekend price rally saw the cryptocurrency surge to a new all-time high of $28,387 before a slight correction which saw BTC close the week nearly 12 percent higher. As Bitcoin now moves sideways under the $27,000 resistance and begins to show signs of fatigue, the President signing off on the new $900 billion dollar stimulus could reignite its upward momentum. While

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Bitcoin Price Reaches a New All-Time High on Christmas Day, BTC Whales Accumulate

Bitcoin Price Reaches a New All-Time High on Christmas Day, BTC Whales Accumulate

Bitcoin has recorded a new all-time high on Christmas day, setting its new high at over $24,600. Bitcoin is up by over 5.5 percent in the past 24 hours, and has climbed 2.4 % in the past hour at press time. In the past month, BTC’s price is up by almost 30%. According to crypto analytics firm Santiment, larger Bitcoin addresses are continuing to accumulate, and smaller retail addresses have stopped buying Bitcoin at the $19,000 level. Podcaster Peter McCormack said: “It’s roast bear for Christmas dinner with all the trimmings. #bitcoin.” Crypto analyst Joseph Young noted in response to famed economist

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BTC in 2021

What to Expect of Cryptocurrency and Bitcoin Trends in 2021

With Bitcoin rising to new heights, the cryptocurrency’s sustained price rally on the markets may be indicative of what may be in store for it next year. In just a year, Bitcoin’s gains went from levels of $4,000 to over $24,000. These phenomenal gains have been triggered by a series of events, notably the rise in inflation, the depreciation of the US dollar, and the increased institutional adoption of Bitcoin in the second half of the year, to name a few. Bitcoin’s achievements in 2020 have served the greater good of the whole cryptocurrency market, as its successful rallies and

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Bitcoin Has Added Over $300 Billion to Its Market Cap in 2020

Bitcoin Has Added Over $300 Billion to Its Market Cap in 2020

2020 has been a year full of surprises for Bitcoin. In just this year alone, after suffering from a slump earlier in the first half of the year, Bitcoin has added over $300 billion to its market cap, according to reports by blockchain tracker Coin Metrics. Many of the funds pouring into Bitcoin this year have been attributed to big-time investors such as MassMutual, Grayscale, Square, and MicroStrategy backing the cryptocurrency. The key factor attributed to Bitcoin’s successive ascent to new heights in 2020 can be dumbed down to two words: institutional investment. With the increased institutional adoption of Bitcoin, the

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