BTC Price Keeps Rising. Will it Reach $30.000?

by in Cryptocurrency News

BTC pass $28000

Bitcoin gets closer and closer to $30.000. Today, on Dec. 28, it reached another all-time high surpassing $28000. Its market cap is above $524 B.

Related: Ethereum Goes Up by 13%, Reaching $711

This means the BTC price increased around $4000 within two days and 20% during the last week.

The growth of the BTC price started in October when the price reached $10.500. Since then it has increased three times. Compared to mid-March, the BTC price has grown seven times.

Ethereum is also making new records. Its price went up by 13%, reaching $711.

Bitcoiners are eager to see if the asset will manage to set a new all-time high this year. The community expects it to reach $30.000 sooner. However, it's important to take into account that the surge could be connected with the holiday season. Nobody can tell for sure what BTC rate will be a few days later.

Still, many people believe the rally has just started. According to former White House Communications Director Anthony Scaramucci, BTC is in the "early innings". American venture capital investor Tim Draper tweeted recently about the possibility of BTC price rising ten times by the end of 2022.