Bitcoin (BTC) has risen to $23,735, the coin has been rising aggressively over the past few days. In the past 24 hours, the capitalisation of the largest digital currency rose another 4% to $437.922 billion.
Other cryptocurrencies were also gaining in value on Sunday, December 20. Ether (ETH) and lightcoin (LTC) jumped to $657 and $119, respectively.
LTC has had the best performance in the last 24 hours, rising 12%. During the week, this altcoin gained 51%. The value of all cryptocurrencies was just over $671.379 billion at the time of publication of this review.
The WhaleMap team believes that if bitcoin does not hold Bitcoin Trader above $22,622, we are in for a big correction caused by big investors („whales“). However, if BTC holds above $23,048. then the positive trend will continue to dominate.
Bloomberg strategist Mike Mugklone is optimistic. Recall, this analyst predicted back in the summer that bitcoin will reach $20,000 by the end of the year.
On Twitter, McGlone wrote that it is too early to talk about BTC peaking. 2021 will be an important year in terms of mass adoption of the cryptocurrency. That is the period when we will see a renewal of the highs.