Bitcoin has updated its maximum, and its capitalization, amid growth, surpassed the performance of the Brazilian stock market. Investors and analysts shared their cryptocurrency predictions.
The most capitalized cryptocurrency – Bitcoin (BTC) – has updated its next maximum value. A few minutes ago, a coin, in a moment broke through level of $ 53 thousand on a number of digital asset exchanges. After updating the maximum, the cryptocurrency entered a correction. At the time of writing the news (16:30 Moscow time), bitcoin is trading at $ 52,600 (according to the resource CoinMarketCap).
One of the founders of the Gemini digital asset exchange, Tyler Winklevoss, noted that the cryptocurrency has renewed its maximum amid the launch of the first bitcoin ETF in history. Recall that the financial instrument appeared on the Toronto Stock Exchange. Gemini acted as a sub-custodian of the Bitcoin ETF.
#Bitcoin history was made today. @PurposeInvest launched North America’s first #bitcoin ETF on the Toronto Stock Exchange. It traded over 0MM in volume today. @Gemini Custody secures all the BTC for this fund and @Gemini Clearing clears every BTC transaction for this ETF. 👍🚀
— Tyler Winklevoss (@tyler) February 19, 2021
Also members of the crypto community noticed the fact that the active growth in prices in the digital asset market allowed Bitcoin to bypass the Brazilian stock market in terms of capitalization.
It is noteworthy that against the background of the renewal of the maximum value of bitcoin, the gold rate reached a minimum in 7.5 months. Members of the crypto community jokingly explained the changes by the fact that BTC “eats” precious metal.
Comparison of charts of movement of the rate of gold and bitcoin
Bitcoin predictions from members of the crypto community
Updating the highs, according to members of the crypto community, may lead to a correction in bitcoin. According to cryptanalyst Alex Saunders, the BTC rate may fall in the near future. In anticipation of a possible correction, he advised investors to start taking profits.
Analyst PlanB, known in the crypto community for his S2F model for predicting the bitcoin rate, he developed, in turn, decided to pay attention to the long-term perspective of the coin’s movement. He believes that BTC is ahead, despite possible corrections, growth awaits. According to the S2F model, during the current growth phase, the cryptocurrency will be able to reach the level of $ 100 thousand.
More like 2013 than 2017😎 pic.twitter.com/H5hzBEYHKN
— PlanB (@100trillionUSD) February 18, 2021
We will remind, earlier in the network there was information that NVIDIA will start producing video cards for miners.
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