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Bitcoin surpasses $ 21,000 and pushes the rest of the crypto market

Bitcoin closes the week with a 3% rise that surpassed $ 21,000 this morning. Despite a brief correction over the past few hours, the leading cryptocurrency is trying to build strength at the current level to avoid another fall below $ 20,000. At press time, the BTC price was $ 21,105.

Bitcoin’s latest rally could mean a higher weekly close, albeit by only 3 percent. However, considering that in the last 3 months it closed only 2 weeks with green numbersThis is good news for investors.

While some analysts do not close the doors on new falls, key market leaders agree that the current market level is a good opportunity to reinvest. Over the past few hours, Michael Saylor himself has suggested that waiting several more years to regulate the market and “mature” bitcoin will be a path of choice for many investors, though they may regret it when they see the performance.

“They have to choose whether or not they want to go in and know that there are about a dozen things that mature the asset class and make it more transparent or whether they want to wait for all of that to happen. and then they will pay a much higher amount. price when they do. ” , said the CEO of MicroStrategy in an interview with CNN International.

Altcoins

The big surprise of the day was the altcoin market. Rises of major cryptocurrencies through capitalization were responsible for a significant recovery in overall market size. Polygon (MATIC) led the run with a 20% rebound jump towards $ 0.58 per altcoin.

Ether (ETH) has surprised investors in the past few hours after a 10% rally that saw it break above $ 1,200 for a few minutes. At press time, ETH is trading at $ 1,195 and its weekly return is 11 percent. XRP behaved in a similar fashion and is priced at $ 0.36.

Binance (BNB) and Cardano (ADA), on the other hand, are up 5% and trading at $ 234 and $ 0.49, respectively. Solana (SOL) and Polkadot (SOL) jumped 7% to $ 30 and $ 8, while Litecoin (LTC) climbed only 3% to $ 55.

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