Bitcoin has hit the USD 70k mark in the first half of 2024.
What a celebration among the cryptocurrency community in Bitcoin's price rise.
The so-called cryptocurrency futurists say Bitcoin will soon touch the USD 100k mark.
The future is unknown, and there is a good scope for its prediction.
We don't need to pay any price for future financial market predictions.
But, the people who make important investment decisions based on future predictions pay the price.
Bitcoin's High Rise is a Sign that a DIP may come sooner or later!
Do you want to forget that BTC went down to USD 16k after attaining the USD 60k just a couple of years ago?
I remember that the rise and fall of Bitcoin prices is a rhythmic process.
So, as with any other financial market like stocks.
Let's take a look at the price fluctuation of Bitcoin from its beginning.
The rhythmic fluctuation is noticeable from the above screenshot.
There was a steep rise in 2021, followed by a steep fall in 2023.
Since cryptocurrencies are directly/indirectly pumped by fiat currencies, fiat market fluctuations will affect cryptocurrency prices.
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I am a researcher and contribute to the overlapping areas of STEAM (Science, Technology, Engineering, Arts, and Mathematics). I am an active user and promoter of GNU/Linux, free and open-source software. I develop cybersecurity and information security solutions, specifically graphical authentication security.
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cryptocurrency bitcoin price fintech blockchain
May 23, 2024
