Cryptocurrency market cap could reach $1 trillion this year
Experts while talking to CNBC have said that the cryptocurrency market will cross one trillion dollars as it will be off on a bull run which is going to be much bigger than the one in the previous year. The bull run is expected to start after the month of February. They also said that the price value of Bitcoin could possibly reach the $50,000 by the end of the year.
Image source: www.cnbc.com
Cryptocurrencies haven't been off to a very good start this year as we have already encountered a number of cryptocurrency market crashes mostly because of news related to Bitcoin and other cryptocurrencies being banned in certain countries. In the recent crash, the cryptocurrency market cap fell below the $300 billion dollar mark and the price value of Bitcoin also fell under $6,000. The good news is that the market seems to be stabilizing again and starting to get back on track. The price of Bitcoin currently sits at $8,192.48 5:27 PM UTC time.