In 2021, the allure of cryptocurrencies remained. Goldman Sachs now accepts cryptocurrency. Coinbase became the first major cryptocurrency firm to go public in April 2021. In October of that year, the first Bitcoin-focused exchange-traded fund in the United States launched.
Bitcoin, the most well-known cryptocurrency, had a successful year. Since the beginning of 2021, the value of the digital currency has increased by approximately 70%, bringing the total market value of cryptocurrencies past $2 trillion.
Bitcoin Price Prediction
The majority of the main coins’ values have increased considerably this year, which is excellent for the cryptocurrency industry. Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) are three other successful digital currencies.
If the history of cryptocurrencies is any sign, buyers can expect an exciting voyage.
Bitcoin is now valued at $22,357 and has a 24-hour trading volume of $18.5 billion, a 0.25% decline in the last 24 hours.
Similarly, Ethereum is presently trading at $1,570 with a 24-hour trading value of $6.7 billion, a 0.15% decrease in the previous 24 hours.
Ethereum Price Prediction
According to technical research, the BTC/USD combination may breach the symmetrical triangle pattern at the $23,250 mark. In this scenario, the Bitcoin price may be vulnerable to the $22,046 support zone. Bitcoin could fall to $21,450 if it continues to decline below this support zone.
