The question we all ask ourselves is ”is this the end of crypto currency as we know it?”
Bitcoin price today is $19,826 with a 24-hour trading volume of $56.68B, a market cap of $379.44B and a market dominance of 37.82%. BTC price is down -0.
77% in the last 24 hours. Bitcoin reached its highest price on November 10, 2021 when it traded at its all-time high of $68,770. The lowest price since its ATH was $17,698 (cycle low). The highest BTC price since the last cycle low was $25,186 (cycle high). Bitcoin price prediction sentiment is currently bearish.
The current circulating supply of Bitcoin is 19.14 million BTC with a maximum supply of 21.00 million BTC. The current annual supply inflation rate is 1.79%, which means 336,504 BTC were created in the past year.
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In terms of market cap, Bitcoin is currently the #1 proof-of-work coin sector and #1 in the layer 1 sector
Will Bitcoin rise again?
It is believed by many sharks and investors who own a significant percentage volume of the available btc supply that the current fall is only the beginning, thereby insinuating that it is still liable and most likely to fall below its current value.
Despite all this, investors and major stakeholders are encouraged to keep some if not all of their btc for it is surely going to rise again later if not soon.
Bitcoin had a bumpy first half of the year, but experts still say it will eventually hit $100,000 and that it’s more a matter of when, not if. Despite the volatility and recent price drop, many experts are still saying that Bitcoin is on track to surpass $100,000, albeit with differing opinions as to when exactly that will happen. And a recent study by Deutsche Bank found that about a quarter of bitcoin investors believe the bitcoin price will surpass $110,000 in five years. Volatility is nothing new in it.
And it’s one of the main reasons why experts say new crypto investors should be extremely cautious when investing any part of their portfolio in cryptocurrency. Bitcoin has shown just as steady an increase in value over the years as any other cryptocurrency on the market.
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