Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally
Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally Reading Time: 2min read Another day, another all-time high for Bitcoin. The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion. “We should hit $2 trillion this year,” said Ronnie Moas, the founder of Standpoint Research, after the rally. “The 2021 price target is $112,000.” Fundamentally-Driven Bitcoi...