The post Bitcoin (BTC) Price May Hit $42k Levels in The Next 2 Weeks, Here’s Why appeared first on Coinpedia Fintech News
The price of bitcoin has risen steadily, reaching $24,700, its highest level in the past six months. The asset swept the market as a whole, appearing unconcerned by a crackdown by American regulators. Over the past day, the market value of all crypto assets has increased by about $100 billion.
The milestone has been breached, and the price of bitcoin has now reached a new high for the year, sending its market worth skyward. Over the past several weeks, demand for cryptocurrency has dramatically increased, with some investors rushing to purchase it and others expecting to do so at a lesser price.
A wave of optimistic mood in the cryptocurrency industry has also contributed to the shift, with many experts anticipating that the price of bitcoin will rise much more in the coming months and weeks.
PlanB, a popular quantitative analyst, has updated his prediction for Bi
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