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The leading digital currency Bitcoin (BTC) is trading at $ 46,411 on Wednesday, January 5th. Market volatility remains weak due to the New Year holidays.
BTC fell to $ 45,894 on December 31, but then the coin bounced above $ 46,000. Ether (ETH) and Binance Coin (BNB) strengthened today to $ 3816 and $ 513, respectively.
In contrast, Solana (SOL), Cardano (ADA) and Polkadot (DOT) are losing ground. These altcoins fell to $ 169, $ 1.34 and $ 29.9 during the Asian session. Cryptocurrency market capitalization fell to $ 2.234 trillion. BTC’s dominance index fell to 39.3%.
Anthony Trenchev of the Nexo platform follows an aggressive scenario. According to his forecasts, BTC will be able to reach $ 100,000 approximately by mid-2022.
He recalled that tech companies such as MicroStrategy and Square are buying up cryptocurrencies, and this trend will continue. The increase in reserves in digital assets will help strengthen the bitcoin rate, Trenchev stressed.
Although there are also pessimists in the expert community. For example, University of Sussex professor Carol Alexander believes that in 2022 BTC will collapse to $ 10,000 and surrender the lion’s share of the positions won over the past 12 months.
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