Bitcoin grew by 6% per day, reaching $ 27,000

According to CoinGecko, the value of the flagship cryptocurrency continues to grow. Over the past 24 hours, bitcoin has risen by 6%, reaching $ 27,000.

The value of BTC $98,385.08 Bitcoin 5.58% Market capitalization $1.95 trillion VOL. 24 hours $6.35 billion is also positive over the past 7 days — the digital asset has risen by 36%. The global market capitalization has also increased, currently standing at $ 1.22 trillion.

In addition to bitcoin, altcoins have also increased in value: Ethereum — by 5.6% over the past day, Cardano — 5.5%, Solana — 10.8%. The value of cryptocurrencies has risen sharply following the bankruptcy of three major banks: Silicon Valley Bank, Signature Bank, and Silvergate Bank. Against this backdrop, some analysts began to advise users to invest in digital assets, given that the traditional banking system is «not very reliable.»

It is worth noting that after a period of good performance, the flagship cryptocurrency may face a rapid decline. According to Altcoin Sherpa, a cryptocurrency analyst, the basic period for bitcoin to reach the $ 30,000 mark is the next 4−6 weeks, after which the flagship cryptocurrency may fall by 50%.

As for the forecasts for the next year, Ryan Selkis, CEO of Messari analytical company, is convinced that in about 12 months the flagship crypto market will be able to overcome the $ 100,000 mark. The expert emphasized that in the foreseeable future, more and more investors and large financial institutions will consider bitcoin as the only reliable asset. The forecast is especially relevant amid the depreciation of the US currency.