The price of cryptocurrencies is once again rising rapidly. Experts believe that if this momentum continues, then the price of the world’s most popular cryptocurrency, Bitcoin, can go up to $100,000 by the end of the year.

Highlights
.The bullish phase has started in the price of bitcoin again
.Right now its price is running above $ 50,000 (Rs 38 lakh)
.Its price could reach $100,000 by the end of this year
Cryptocurrencies
New Delhi
The world’s largest, oldest and most popular cryptocurrency, Bitcoin, has started a bullish phase once again. Right now its price is running above $ 50,000 (Rs 38 lakh). Experts believe that by the end of this year, its price can reach $100,000. Right now the market cap of all cryptocurrencies in the world has reached above $2 trillion.
Experts say that many brands around the world are accepting crypto as a form of payment. This is the reason why cryptocurrencies are rapidly moving towards the mainstream.This is expected to continue the upward trend in their prices. If this happens, the price of bitcoin could reach $100,000 by the end of this year.Along with bitcoin, the prices of ethereum, cardano, XRP and dogecoin continue to rise steadily.
Why are the prices coming up
According to experts, the rise in crypto market cap is a sign that their acceptance is increasing across the world.The price of bitcoin, the world’s oldest cryptocurrency, has seen a significant increase recently. Also, the price of Ether, the world’s second largest cryptocurrency, has also touched $4,000.Bitcoin crossed $50,000 last month for the first time since May. Its price had come down to $27,700 in January but since then it has gained about 81 percent.
The reason for the recent surge in the price of cryptocurrencies is that many reputable financial services companies have given their customers access to virtual coins.Last month PayPal Holdings Inc announced that it would allow its customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies. Retail and institutional investors bought bitcoin heavily in July as the price plummeted.
Posted by Technical Mechzone











