Bitcoin broke out of its sideways trend over the weekend and exploded its price beyond $50,000. At the time of writing these lines it is at 52,125 dollars, or 48,400 euros. This development is due to the influx of money into bitcoin exchange-traded funds (ETFs).
Ethereum, the leading altcoin, is about to cross the $3,000 mark. Ethereum is an altcoin, an alternative cryptocurrency to bitcoin. Its market capitalization is only exceeded by that of bitcoin.
Robert Kiyosaki, author of the international bestseller Rich Dad Poor Dad, gave his predictions for the price of bitcoin. “Bitcoin will reach $100,000 by June” he says on XM Kiyosaki recommends buying bitcoins, gold and silver.
Gradual increase in power
At the same time, the Fear-Greed index, from the research firm Alternative, reached 75 points today. The index is based on a scale from 0 (extreme fear) to 100 (extreme optimism).
Last January, Bitcoin reached a new record by exceeding $47,000 for the first time in two years.
This increase was also due to the anticipation of the launch of an ETF (Exchange Traded Funds) on Bitcoin, on the American market.