Despite the expectations about the future of Bitcoin, unfortunately, it has not yet managed to take off this January 5, contrary to what is happening today with Internet Computer, which increased more than 15%.
Bitcoin continues to decline, a price report highlights again the fall seen in the price of Bitcoin (BTC) since it registers losses of 0.7% in the last 24 hours and got quoted at about USD 46,235 for the time of editing.
As can be seen in the data published in our CryptoMarkets section, the price of Bitcoin, in general, continues to decline for this January 5, with a good part of the day being below USD 47,000 per asset. The fall seen a few hours ago is especially noteworthy since it seemed that the price was rising again but went down after exceeding USD 46,800 until reaching the said values.
Good Prospects for the Future
Despite the unfavorable results experienced in these first days of 2022, some analysts and enthusiasts of the digital currency highlight it seems clear that in the medium or long term, this panorama may change and again resume an upward trend until reaching the long-awaited USD 100,000 per Unit.
Among the entities that support this theory, the international bank Goldman Sachs entered to take part in the list. The addition of this bank indicates in a recent report that Bitcoin could reach a said price as long as certain conditions are maintained, among which the reduction of capital seen in the gold market stands out.
This reading indicates that digital currency would be fulfilling its role as a store of value well. For this event to take effect, greater institutional participation is more necessary than the participation currently registered in the markets.
In addition to Goldman Sachs, personalities such as Nayib Bukele, Max Keise, Michael Saylor, and many others are clear that Bitcoin could exceed USD 100,000 this 2022 and even go much further as long as the amount of capital that participates within this ecosystem increases.
Major Altcoins are Going Down
Despite the prospects for Bitcoin’s price, weakness and instability got felt by a considerable part of the exponents of this market.
Such is the case of coins such as Ethereum (ETH), Binance Coin (BNB), Solana (SOL), XRP, Terra (LUNA), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC) and many others, which register falls between 1% and 4% for the morning of this January 5.
However, this does not seem to be the case with Internet Computer (ICP), an asset that today registered an increase of more than 15%. This figure got accompanied by a significant rebound in the volume of daily commercial operations, which increased by more than 94% in the last 24 hours.
By: Jenson Nuñez
