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The value of bitcoin soared to nearly $42,000 on Monday, marking the first time the digital currency cracked $40,000 in 18 months, price tracker CoinDesk Indices shows. Safe cryptocurrency To analyze characteristics and performance drivers for this new asset class and compare the crypto ecosystem with traditional financial data in terms of market valuation and liquidity risk, our study focuses on four cryptocurrencies with a large market cap (Bitcoin, Ether, XRP, and Binance coin) and three stablecoins (Tether, USD Coin, and multi-collateral Dai).
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Where are bitcoin prices heading now?
Popular Categories Markets Per the report, the prospect of an ETF has led to jubilation within the industry. Coinbase CEO Brian Armstrong suggests that “Bitcoin may be the key to extending Western civilization.” Forecasts regarding the future price of Bitcoin have ranged from $50,000 in the immediate term to above $530,000.