MASSIVE Cryptocurrency Market Crash incoming? | Cryptocurrency Crash (2021)
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Bitcoin now has roughly tripled since November and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly comfortable with adopting Bitcoin. BTC saw a big catalyst this week when Tesla said it would buy $1.5 billion of the crypto.
Bitcoin price has seen one of its most significant rallies since its inception in February, as the cryptocurrency rose from $33,000 to $58,000 during this month alone. The majority of industry proponents have an optimistic opinion about the price of Bitcoin, with some even revealing a price target of $100,000 at the end of the year.
The cryptocurrency market lost nearly $400 billion during the last 5 days. The total value of cryptocurrencies reached an all-time high of $1.75 trillion on Saturday after Bitcoin and Ethereum registered record highs. Approximately 142,000 crypto traders were liquidated during the last 24 hours.
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