• Bitcoin (BTC) has recently seen a 3% rally from its recent bottom.
• Investors are wondering how high BTC can go in the current market.
• Former Coinbase CTO Balaji Srinivasan bet $1 million that Bitcoin will reach $1 million by June.
Recent Bitcoin Rally
The price of Bitcoin (BTC) has been on the rise recently, rallying 3% from its recent bottom. As a result, many investors are wondering how high BTC can go in the current market. In this article, we will explore the latest Bitcoin price prediction and analyze the factors that could potentially influence its value in the near future.
Factors Fueling The Rally
The upward rally in BTC has been fueled by various factors, such as ongoing developments in the cryptocurrency sector and Bitcoin’s reputation as a safe-haven asset. It is worth noting that recent bank failures have caused people to lose confidence in traditional banks, which is considered a crucial factor in boosting Bitcoin’s price. This is because investors view Bitcoin as a safe-haven asset.
Bitcoin Price Prediction
Bitcoin reached a new high of $28.8K earlier this week, but it appears to have reversed course and has been trading between $26,000 and $27,000 this week. Despite this, many experts predict that there is a high probability that Bitcoin will reach $30k very soon. The worldwide cryptocurrency market has been on the rise and is currently valued at $1.16 trillion, with a 0.90 percent increase in the last 24 hours. On Sunday, Bitcoin (BTC) reached a level of $27,000. As a result, the recent surge in the global cryptocurrency market is affecting prices of all cryptocurrencies including Bitcoin
Former Coinbase CTO Bets on BTC
Former Coinbase CTO Balaji Srinivasan has made positive remarks about BTC and bet $1 million that it will reach $1 million by June 2021This prediction has attracted particular attention and discussion in the cryptocurrency world with some experts questioning its viability but at same time raising investor interest and demand .
Dwpbank Platform For German Retail Customers
Deutsche WertpapierService Bank (Dwpbank) is introducing wpNex ,a platform that will allow retail clients of its affiliate banks in Germany to access bitcoin without any extra verifications processes . Although they won’t possess private keys customers can keep cryptocurrency accounts alongside their bank accounts . Dwpbank intends to incorporate more cryptocurrencies , digital assets ,and tokenised securities into their platform . MLP Bankin