• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Bitcoin's price

Bitcoin’s Price Up $10K As Crypto Is Predicted To Breach $100K In 5 Years

Christian Encila by Christian Encila
11 months ago
in Bitcoin, Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Bitcoin’s price spike, which briefly exceeded $44,500 Tuesday afternoon, is now easing.

BTC has retreated to roughly $43,912 on Wednesday, but is still up nearly $10,000 in the last five days and is on the verge of reclaiming January levels.

Bitcoin price rose more than 5% Monday as markets processed new developments in Russia’s invasion of Ukraine, despite risk aversion pushing down blue-chip and technology sectors, which cryptocurrencies have been linked to for weeks.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Markets may be underestimating the economic repercussions of Russia’s financial isolation. Sanctions against Russia were placed to cripple its economy and financial systems.

To safeguard the plummeting ruble, which has lost more than 20% of its value, the Russian central bank closed the stock market and more than doubled its key interest rate to 20%.

Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“At that point, Europe and the United States would have to put pressure on the largest exchanges — FTX, Coinbase and Binance — to ban the addresses linked with Russia, and no other major exchange would want to engage with funds that came from those addresses,” Michael Rinko, a venture associate at AscendEx, said.

Bitcoin’s Price Up 17% In 24 Hours

Buyer demand for Bitcoin sparked a 17% increase in price in just 24 hours late Monday. Although it is too soon to identify a trend, crypto-analysts and advisors are watching to see if this breakthrough signals a more significant directional shift or “decoupling” from equities investments.

BTC total market cap at $832.59 billion in the daily chart | Source: TradingView.com

Bullish Hike For Bitcoin

Bitcoin’s price is up 2.40% in the last 24 hours, with a high of $44,953.06 and a low of $42,875.

Its current market volume is $1.67 billion, and its market capitalization is $840.13 billion.

Because of the Russian-Ukrainian crisis, volatility rates and decoupled stocks for BTC have increased, resulting in a high price for Bitcoin as the first week of March begins.

Bitcoin’s Future: Digital Gold

On the other hand, Bitcoin may be inclined to compete with gold and other safe-haven assets such as government notes and stocks in the future.

The unchangeable software code of Bitcoin increases the token’s supply at a pace comparable to that of gold, 0.5% to 1% every year.

The scarcity of gold helps it retain its value through times of economic distress and excessive inflation, and it’s not unrealistic to expect Bitcoin will do the same in the digital age.

Related Article | Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report

$100K Still On Crosshairs

Countries with currency restrictions, dual-currency systems, governance issues, and corruption may see Bitcoin take off as a store of value.

Meanwhile, many analysts believe that Bitcoin’s price will eventually cross the $100,000 milestone; however, there are different viewpoints on when that will happen.

According to a recent poll by Deutsche Bank, approximately a quarter of Bitcoin investors anticipate the price of the cryptocurrency would exceed $110,000 in five years.

Featured image from Verve Times, chart from TradingView.com
Tags: bitcoinbtccrypto
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Freelance writing is Christian's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Bitcoin Network

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

9 mins ago
Dogecoin DOGE

63% Of Dogecoin Holders Are Making Money

3 hours ago
Reddit MOON Arbitrum Nova

Reddit Deprecates The MOON Bridge To Arbitrum Nova, Users To Lose 4.77 Million Tokens

4 hours ago
Binance Teams Up With Hong Kong Police To Fight Crypto Crime

Binance Teams Up With Hong Kong Police To Fight Crypto Crime

6 hours ago
crypto

Australia Gives Its Crypto Watchdogs More Teeth To Fight Scammers

8 hours ago
Bitcoin

Don’t Get Too Greedy On Bitcoin, Analyst Suggests, Here’s Why

20 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Fantom And Decentraland Explode As Big Eyes Coin Raises $21M In Presale

February 4, 2023

The Metaverse Represents The Future of Web3: Decentraland (MANA), The Sandbox (SAND), and Snowfall Protocol (SNW) Lead the Way

February 4, 2023

Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) – The Best Cheap Cryptos to Buy Now

February 4, 2023

ApeCoin (APE), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Three Great Coins for NFT Lovers

February 3, 2023

Turn Playtime into Paytime with RankerDAO’s Gaming Crypto Platform

February 3, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.