Updated: Feb 3
3rd Feb 2020 - BTC Price - £7,121
Will the crypto market remain volatile throughout the year ahead, or can we expect growth?
With the price wobbling up and down in 2019, many traders are hoping for a steady rise this year. Some more information from coinswitch.co
"Bitcoin has been performing quite well and recently it has started with its bull run. This has taken the market by amazement. Now the traders and investors are in a state where they are trying to make optimum utilization of the bull run. The more the trading, the more the price. Moreover, as we know, Bitcoins are scarce in circulation, i.e. there can be only 21 million Bitcoins mined, out of which 17 million has been mined already, which means only 4 million to be mined, which will make its value more. Additionally, several countries like the U.S., Japan, and South Korea have shown extreme willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up regulated markets that might function freely and securely. By the end of the year 2020, the Bitcoin price will reach $23,499."
Now obviously we can't give investment advice, but things are looking promising. The bulls may finally get another good run.
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