The most popular cryptocurrency in the world began to rise in price rapidly. In just one day bitcoin rose in price by more than 18 percent and exceeded the mark of 50,179 U.S. dollars per coin.
Bitcoin rate will double by the end of the year - today.ua
The rate of bitcoin, according to the site Coindesk, on Tuesday, October 5, 2021, increased in price by five percent. During the week the growth of the cryptocurrency amounted to 18 percent. For the first time in the last month, the value of bitcoin exceeded the $50,000 mark. At 14.30 Kyiv time, the cryptocurrency rate reached $50,179 per coin.
According to analysts, if a timing model is applied to the bitcoin rate in the near future, the cryptocurrency will collapse in price to $30,000 by the end of this year. If the bitcoin price moves according to the Stock-to-Flow model, the rate of the electronic currency will soar above $100,000 at the end of 2021.