The question on Why bitcoin is rising so fast is as a result of the Purchase, news, and Analysis of Bitcoin that makes the market worth the price currently.
About 3 years ago today; coinmarketcap.com revealed that 1 bitcoin price had risen to $6,000 the highest ever in 2019. Five days later (Monday 5/15/2019), bitcoin reached a max of $8,000. we thought it was magical until 2021, Currently, bitcoin is worth $57,000. The same process has happened right, From May 2020 to May 2021, 1 Bitcoin has added value of over $45,000 plus, isn't that Magical?
Definitely, bitcoin has once risen very high in late 2018 and early 2019 from 2020 till now. Bitcoin's current price above $50,000 is still lesser than what it has once risen to $63,500 the highest in bitcoin history, set in April 2021. Bitcoin was last worth at least $63,000 in April 2021.
With Ethereum risen from 190usd/BTC to 3000usd/BTC within 2020 and 2021, and XRP the highest coin with a circulating supply of 42,133,310,721 faster than any other cryptocurrency. Seeing Dogecoin making many investors millionaire with its popularity by a tweet from Elon musk.
There are also some signals of a high increase in bitcoin purchases from Big investors. That may be contributing to bitcoin's price rise, but it's not precisely stated why these investors have a sudden interest in BTC.
Read: How to buy Safemoon Coin
While bitcoin's price has been rising at a rapid pace in recent days, it has boomed and spiked to a whooping all-time $63,000 in 2021, Take the opportunity and save crypto for the future.
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