Crypto Currency News

Bitcoin price: BTC jumps 4% and there is expectation for another bullish rally before the end of the year

The last few hours have been quite encouraging for the crypto ecosystem.

Bitcoin (BTC) begins the last week of the year with a rally of almost 5% that has it above $ 50,000. The leading cryptocurrency wants to close 2021 with an annual growth of over 70%, and start the New Year in the middle of an upward escalation. At the close of this note, the price of BTC is $ 50,815.

The last few hours have been quite encouraging for the crypto ecosystem. Specialists and referents from around the world have publicly expressed their optimism regarding the flagship cryptocurrency, and they hope to see their expectations reflected in investor sentiment in the short term.

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Ricardo Salinas Pliego, one of the richest men in Mexico, sent a message to his hundreds of thousands of followers on social networks with the last financial advice of the year: invest in BTC.

“Stay away from fiat money. Be it the dollar, the euro or the yen, everything is the same. It is fake money made of lies on paper. Central banks are producing more than ever. Invests in Bitcoin! “The Mexican released to awaken the euphoria of the community.

On the other hand, in the last hours other specialists have also expressed themselves about the future of BTC, such as Tom Lee, managing partner of Fundstrat Global Advisors. The businessman – who knew how to announce a price of BTC at 100K by the end of this year – believes that BTC will recover substantially in 2022 and predicted a jump towards USD 200K in the next year.

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Altcoins

The rest of the crypto market also faces the turn of the year with green numbers. Ether (ETH), the leading altcoin, grew just 1% and is holding up above $ 4K, while Solana (SOL) grew a bit more and surpassed $ 202 again.

On the other hand, Binance coin (BNB), XRP and Litecoin (LTC) are up almost 3% and trade at USD 559, USD 0.94 and USD 158 respectively. Cardano (ADA) was the big surprise of the day, as it rallied in a 7% and it came to USD 1.55. In the last week alone, ADA grew almost 30%.

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