Home Cryptocurrency Bitcoin (BTC) Expected to Break $50,000 This Weekend

Bitcoin (BTC) Expected to Break $50,000 This Weekend

by SuperiorInvest

Bitcoin (btc) rose for the fifth day, surpassing the $47,000 mark early Friday when the CoinDesk 20 Index (CD20), an indicator of the largest cryptocurrencies, added 4%. The largest cryptocurrency by market capitalization hit a one-month high as East Asia ushered in its biggest festival of the year, the Chinese New Year of the Dragon, celebrating the start of what is believed to be one of the luckiest according to the Chinese zodiac. . In Mandarin Chinese, the word dragon is pronounced similarly to “long,” increasing memetic value among cryptocurrency traders. Some analysts predict that the cryptocurrency will rise to $50,000 over the weekend. Others have said it could even reach between $53,000 and $55,000 before the cryptocurrency halving in April.

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