The bitcoin price touched an all-time high surpassing the $50k handle on February 16, 2021. However, it wouldn’t stop on that level, and experts believe it will grow more.
Bitcoin Price Crossed the Psychological Zone
At the time of writing, BTC trades at $51,940.24. The most popular crypto has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year.
Bitcoin (BTC) has crossed the psychological $50,000 zone after fighting the region for more than 24 hours. The leading cryptocurrency, in terms of market capitalization, has gained more than 154% since the all-time high in December 2017. At around, 7:37 a.m. (EST) bitcoin (BTC) hit $50,603 per unit on Tuesday, reported news.bitcoin.com
Bitcoin Keeps Growing
Some experts think that bitcoin price will keep growing. Simon Peters, the crypto-asset analyst at multi-asset investment platform eToro, predicts Bitcoin could reach as high as the $70,000 mark.
“As retail investors look to hedge against inflation, and institutions look for avenues to help drive growth, there’s no reason why $70,000 can’t soon be the new normal. Although, realistically, the crypto asset could aim higher based on its impressive 2021 performance thus far.” Mr. Peters told 9news.com.au.