Crypto Price Surge Rings in New Year

by Marvin Dumont

A new year and new decade are fueling optimism among cryptocurrency investors. Cryptos soared to a $245 billion market cap early Friday, representing a 29% gain since the start of 2020. That pushed Bitcon (BTC) to over $8,900 on 66% dominance.

How long will the positive sentiment last? The market has not seen these prices since October 2019 and May 2019.

Paolo Ardoino, chief technology officer of Bitfinex, predicts BTC will reach $20,000 by end of year. Daniel Diemers, head of blockchain at PwC, sees $100,000 per BTC by the end of 2020.

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