So far in 2021, Bitcoin has reached new highs, and the market has been booming. Regulators around the world are discussing frameworks that will impact the industry, while major corporations demonstrate institutional buy-in. What’s next?
- Bitcoin Will Grow
The dynamics of Bitcoin reflects the health of the crypto market overall. The pioneering cryptocurrency still has the biggest market cap, and the rest of the market generally follows its trends. Since the beginning of 2021, Bitcoin has had a wild ride. In April, it peaked at $60,000. Subsequently, it plunged to $30,000 and climbed back to around $50,000.