• Sun. May 19th, 2024

Bitcoin Price has Appreciated by 50% Since Last January

Hassan Mehmood

ByHassan Mehmood

Jan 22, 2022

Data projections indicate that Bitcoin prices have raised 49.44% on the year-over-year YoY index since January last year. The projections are confirmed by CoinMarketCap on-chain aggregator. Another interesting observation added by crypto market analysts is that the price of Bitcoin has been increasing consistently since 2019, when the token was valued at $3,843 per unit.

In 2018, the flagship cryptocurrency managed to arrive at the new height of $15,200. However, the crypto market soon went into a bear zone. With the price estimates at hand, a person who had invested $10 worth of Bitcoin, today the value of their asset would be 1,403% times higher.

CoinMarketCap recently conducted a survey that 110,000 people participated. 90% of the crypto investors believe that Bitcoin will be able to get back to $52K before the end of January. The greater expectation from the market is that the top coin managed to remain stable for the first two months of 2022.

Meanwhile, the biggest critic of Bitcoin and gold mogul Peter Schiff recently added that December 2021 was the worst month for Bitcoin. The token corrected by 33% for the first time since 2013. He further added that 20% addition during the current year could make a big difference since the price of the market cap has doubled. Schiff also added that the leveraged positions are increasing, and the hype around the market has also started to inflate.

Race Capital CEO Alfred Chuang recently added that there is an increasing fear among investors about the impact of the interest rates increase due to the Federal Reserve policies. He also claimed that subjective volatility is going to become neutral for the top coin like the 2020 market.

He claimed that Bitcoin is not immune to the effects of price volatility, but in the end, the token will be able to show strength as a hedge against inflation. Quantum Group founder Harry Yeh recently claimed that if the value of the dollar keeps decreasing, Bitcoin prices are going to keep increasing despite the changes in the economic dynamics.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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