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Where is the Cryptocurrency sector headed?

Where is the Cryptocurrency sector headed?

In 2021, we will see a rise and fall in digital currencies like Bitcoin.

There has been a new high and slow for the money in the market. It was able to break all the records last year when it reached close to 70K USD in the market. The earlier years, like 2020, also witnessed good growth, and by the year, it managed to go beyond 30K USD. Similarly, talking about 2018, the coin managed to gain 13.5K USD and then by the end of the said year, it went to around 19,7K USD. In the earlier years, like 2017, it went down by 3.4K USD and the past three quarters also had a good value of the coin. ETH is now able to gain 1.3K USD the same year, while in December, it managed to gain more and finally, in 2020, it acquired 450 USD more in the market. Thus such has been the familiar story of the digital coins, and you can check more on the BitIQ trading site for more.

The growth of individual and institutional investors in the crypto market

In the previous two years, we have seen digital currencies like BTC and ETH performing better by becoming resilient in the market. Many investors were attracted to it, including the retail and institutional. In virtual currencies, we have seen a good rise in coins this year in recent times. Many budding investors were able to make good gains from the Cryptocurrency craze, and it has moved on to many more reasons to believe that the crypto industry is becoming at the top of the fight. We have seen a good craze around these currencies, and it has moved in a big way seeking the help of other ventures. It has managed to leave the more petite size groups to Holders found behind the market. However, we can find too many more reasons to feel that crypto in the market is getting a good fight on the left. We can see too many investors are now posing questions about high digital coins and are now gaining the option to fly. Bitcoin witnessed good growth in 2020, going huge in 2021, touching the figure close to 70K USD in the market.

We can see many more trade figures about the individual investors, which is going down in the market gaining too many cases. Many more institutions are now climbing on board in a big way. Institutional investors now allow big-time trading volumes that remain popular among individual investors. It only means that it is coming up with the trading partner that further helped transact the virtual currency space and allowed the industry to sustain in a big way. You can find several potential developments in the 2020 and 2021 markets. The impact on the institutional market was good as many big players came forward to invest in this market. We have seen a good effect on players with Nasdaq and even some similar exchanges in the market. We have seen a good boost in reputation like value.

The tough Bitcoin ETF

For many years, we have seen crypto lovers now pining for digital currency. All these are available to the mainstream investors in the US and are now heading for the same. The SEC has often rejected or deferred BTC EFT based applications by pushing ahead to the future. VanEck is the popular fund in the market, and it has gained excellent approval to move back once again. Several analysts feel the support of a mainstream BTC EFT in the market that can offer you a good jolt about the digital currency domain. It has opened the industry in a big way for investors willing to participate without adding any risk linked with buying and selling the tokens too often. Now, we can find the future of VanEck remaining to be on the sole.

Stablecoins take the lead

We have seen the digital tokens are now pegging up the fiat currency that helps hedge the systems against the potential decline of the underlying crypto in the market. It has gained collateral prices and even helped gain too many hopes for the coin in 2021. Stablecoin is expected to get a good gain in the coming year, and people will enjoy too many benefits with the same. As we see the stable coins now reaching the mainstream, Tether has suffered too many highly publicized growing pains that offer a promising development in the market. Nevertheless, several stablecoins have good results.

Please be advised that Reader’s Digest are not directly associated to this advertising partner, and any investment is entered into at your own risk.

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