In January–March 2021, the leading cryptocurrency rose in price by 102.93%. This was the best result in eight years and one of the five most positive quarterly outcomes, according to bybt.
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In the first quarter of 2013, Bitcoin rose by 539%, explained by a low base. At that time quotes did not exceed $100.
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March 2021 extended Bitcoin’s six-month winning streak. The price has remained above the psychological level of $50 000 for the last 30 days.
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The second quarter has traditionally been a favorable period for the leading cryptocurrency. Since 2013, price declines occurred three times and did not exceed 7.7%, while the uptrend occurred six times in a range from 7.6% to 159.4%.
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As reported, analyst Willy Woo called selling Bitcoin ‘insanity’ right now.
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Bloomberg Intelligence senior commodity strategist Mike McGlone forecast growth of digital gold to $400 000 in 2021.
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