20.01.2021
Economy
Five facts about cryptocurrency that are worth knowing
The digital asset market is still highly volatile
Photo: Pixabay
1. The value of the cryptocurrency market has exceeded $1 trillion for the first time in its 12-year history
According to the cryptocurrency analysis service CoinMarketCap, on January 7, the value of one of the most popular cryptocurrencies, Bitcoin (BTC), reached a historical maximum and exceeded $39 thousand. Over the year, Bitcoin has increased in price several times: back in March, its price was $5 thousand. The market capitalization of Bitcoin has crossed the $700 thousand mark for the first time, and the total market capitalization of all cryptocurrencies now, as calculated by the Independent, exceeds the total value of such payment systems as Mastercard and Visa. According to Konstantin Anisimov, CEO of the cryptocurrency exchange CEX.IO, the digital currency will become increasingly attractive to institutional and private investors. The expert suggests that the value of BTC will continue to grow in the near future and will reach $50 thousand by the end of the first quarter of 2021.
