Higher and higher: bitcoin has passed the $90,000 mark
By ForGeeks The value of bitcoin surpassed the $90,000 mark for the first time in history, reaching $90,243 on Tuesday.
This rise is due to investor optimism following the re-election of Donald Trump, who promised to create a favorable environment for cryptocurrencies. Analysts predict bitcoin could reach $100,000 by the end of the year and $200,000 by the end of 2025.
Analytics predict bitcoin could reach $100,000 by the end of the year and $200,000 by the end of 2025.
Other cryptocurrencies are also showing significant gains, with Dogecoin up 51% to $0.43, Solana up 6.8% to $223.14, and Ethereum up 7.7% to $3,392.59. Cryptocurrency-related stocks are also showing positive momentum, with Coinbase up 5.3% in the pre-trading session and MicroStrategy up 6.5%.
Cryptocurrency stocks are also showing positive momentum, with Coinbase up 5.3% in the pre-trading session and MicroStrategy up 6.5%.
But experts warn of possible risks associated with the high volatility of the cryptocurrency market. Historically, bitcoin has shown sharp fluctuations in value, which requires caution on the part of investors. The approval of spot bitcoin-ETFs earlier this year and the upcoming «halving» of bitcoin have also influenced the market. These factors are driving prices higher and increasing investor interest in cryptocurrencies.
Despite the current growth, analysts advise investors to be careful and consider the possible risks associated with investing in cryptocurrencies. Market volatility and potential regulatory changes could significantly affect the value of digital assets.
Analytics advise investors to be careful and consider the possible risks associated with investing in cryptocurrencies.
