After a historic anti-record, bitcoin continues to grow in value

On September 12, the flagship cryptocurrency hit its worst price since December 2020, exceeding $ 22,000. According to CoinGecko, BTC has risen by 3% over the past day. Currently, the asset is trading at $ 22,200.

However, there are opinions about the possible decline of digital gold — recently, expert Joe Bargain predicted the further movement of the bitcoin rate — the analyst believes that the flagship virtual currency will be volatile in the near future. Bargain noted that the BTC rate will drop to $ 10,000, and the local price bottom will be reached in the spring of 2023.

The price of Ethereum is holding at over $ 1,750. Over the past day, the second cryptocurrency has lost 0.3% in value. Interestingly, the former CEO of BitMEX Arthur Hayes admits that the price of Ethereum may rise to $ 3,000 after the main network of the second largest cryptocurrency switches to the Proof-of-Stake (PoS) consensus algorithm.

Analysts also named the assets whose owners suffered losses: USDT (-0.2%), XRP (-0.7%), and Cardano (-1.4%) remain in the red zone.

We recently published a study that predicted an increase in the number of cryptocurrency holders. Experts believe that by 2030, half a billion people around the world will own cryptocurrencies. Analysts predict that high- and middle-income consumers will become owners, which will trigger another growth of the cryptocurrency market.