Bitcoin is expected to rise beyond $70,000 in the coming weeks, according to experts ¹. This prediction comes as Bitcoin Cash and other payment-focused altcoins, such as XRP and Litecoin, are rallying, with Bitcoin Cash leading the pack ².
*Current Market Trends:*
- Bitcoin's current price is around $67,832.84, with a 0.58% increase ².
- Bitcoin Cash is trading at $366.50, with a 1.3% overnight increase and a 13.5% increase over the last seven days ².
- XRP has risen 2.4% to $0.5569 ².
*Expert Insights:*
Experts believe that Bitcoin's price will continue to rise due to increased demand and adoption ¹. The recent rallies in payment-focused altcoins may also contribute to Bitcoin's growth.
*Upcoming Developments:*
- A major market announcement is expected this week, which could impact Bitcoin's price ².
- The launch of Litecoin spot ETF applications and other payment-focused cryptocurrency projects may also influence the market ².
Keep in mind that cryptocurrency markets can be volatile, and predictions are subject to change. Always do your research and consult with experts before making investment decisions.
