For months, the leading cryptocurrency has failed to break out of its fixed range: Bitcoin seems to break out again and again, but then only rises briefly and completely pulls back afterwards. Yesterday, for example, the crypto market capitalization had to give up about 4%, today it comes to a plus of 2%, is at $ 1.8 trillion. Investors are now reacting to the ongoing ups and downs and are leaving the markets. This can be seen, for example, in the trading volume or Google searches for Bitcoin and Ethereum. These have currently fallen to a 12-month low.
In reality, however, this is only a two-month fluctuation range. According to experts, however, the next big move should take bitcoin to an all-time high. That currently stands at $68,789, while BTC is trading at $39,350. As a result, the cryptocurrency would have to appreciate by more than 74% to match its highs.
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