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🧐 Can Bitcoin Reach $100K In 2021?

Join us today as we explore the latest news of the cryptocurrency space.

Hey Blockster, It's time for your daily dose of crypto news. As always, we have collected the top five must-read stories from Blockdesk. Can Bitcoin Reach $100K By December? In January 2020, when Bitcoin was trading at $7,200, the crypto community didn't expect the cryptocurrency to enter into a huge bull run by the end of the year. On the other hand, after reaching its all-time high of $65,000 in April 2021, most of us believed $100,000 was the next stop for BTC to hit. However, the digital asset surprised us this time as well. Soon after CEO Elon Musk halted BTC payments for Tesla products as well as criticized the cryptocurrency's increased energy usage and its impact on the environment, BTC's price fell by over 50% in the course of two months down to as low as $30,000. And, when everyone was sure that we are in a bear market, Bitcoin started another bull run in which the world's top digital asset reclaimed the $50,000 mark not long ago. As a result, the hope that BTC can reach new highs this year has been restored. Now, the question is: can the Bitcoin price hit $100,000 by December 2021? While it has a nice ring to it, this round number represents a strong, natural resistance point. And, if BTC can break it, it will have plenty of room for growth beyond that level. If you are curious whether Bitcoin can go as high as $100K in 2021, we recommend checking out this Blockdesk article to see the insights of experts on this topic. In addition to Bitcoin's price, there are plenty of exciting topics, trends, and events in the crypto community that you should know about. If you don't want to miss out on them, then you should definitely take a look at the following cryptocurrency stories: Ethereum Community Supports Ethiopian Olympic Team – ETH Going For Gold – Entrepreneurs in Ethiopia are actively seeking to restore their home economy's stability with crypto, which has created quite some buzz in the digital asset community. But how has the initiative been going so far, and what does Ethereum have to do with the nation's Olympic team? Can Staking Lose Your Crypto? – With the increased popularity of Proof-of-Stake (PoS) blockchains, staking has become a widely-used activity in the crypto space to generate a passive income. However, before you jump right into locking your coins in your wallet, you should first be aware of the risks. Binance Warned About All UK Operations – Beginning of the End for Binance? – These days have been quite tough for Binance. As the crypto exchange has been at the center of a worldwide regulatory crackdown, the company is doing its best to survive and comply with the laws of multiple governments. A Beginner's Guide to Yield Farming – Dos and Don'ts – Decentralized finance (DeFi) took the crypto market by surprise last year by democratizing financial services and introducing numerous new ways to earn digital assets. One of them is yield farming, which is among the most popular and complex methods to generate a nice (potential) ROI in the DeFi industry. Hope you enjoyed today's crypto stories. Don't forget to check your emails tomorrow, as we will have more to share! Enjoy, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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