Bitcoin Price Tracker


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How to Use This Price Tracker

Cryptocurrency pricing data can help investors find opportunities in the market and make more informed investment decisions. NextAdvisor’s price tracker shows historical price, trading volume, market capitalization, and other important metrics for investors, especially those who are just starting to dip their toes into crypto investing. 

While everyday investors probably don’t need every last bell and whistle to make informed investment decisions, there are some generally applicable key crypto metrics and indicators worth considering:

Crypto Indicators and Metrics for Beginner Investors

Price: As with any investment, price is where it starts and ends for investors. Pricing is highly volatile in cryptocurrency, but viewed over time can give investors an idea of how a given coin’s value has gone up (or down) over time.

Market Capitalization: In general, the higher the value of the market cap the safer the investment. Market cap is the total value of a cryptocurrency, and is calculated by multiplying the price of the cryptocurrency with the number of coins in circulation. The amount of tokens or coins circulating can be viewed as an indicator of a coin’s demand. 

Volume: Higher volume typically means a given cryptocurrency has more market liquidity, meaning more ability for investors to sell an investment when they want to realize a profit. It represents how much crypto is bought and sold over a period of time, typically 24 hours.

If there’s one cryptocurrency you should know about, it’s Bitcoin. 

It’s the original and most valuable cryptocurrency by far, despite its huge — and normal — swings in recent months, ranging in value from less than $30,000 to more than $60,000. Bitcoin has also seen a surge of new investors, with more than half of all current Bitcoin holders having bought in the past year.

“I invest in Bitcoin for three reasons: One of them is that the supply is limited, the second is decentralization, and third, it is a category king,” says Kiana Danial, author of “Cryptocurrency Investing For Dummies” and an investing expert. “Everybody knows about Bitcoin and immediately gives it this value.”

Bitcoin was created in 2009 by an anonymous figure under the pseudonym Satoshi Nakamoto to function as an electronic peer-to-peer cash system, but has since attracted investors who view it as a store-of-value currency, sometimes described as digital gold. Bitcoin set the stage for blockchain technology and decentralized finance. 

“Bitcoin by nature doesn’t really solve a problem,” says Danial. “It was just a showcase for decentralization.”

Based on those principles, the cryptocurrency market — which now consists of thousands of cryptocurrencies — has grown to a valuation of more than $2 trillion. While Bitcoin has the longest record for investors to consider, it’s no less volatile. 

What’s Driving Bitcoin’s Price?

Bitcoin started the week on a weak note, with its value falling nearly 3% over the last 24 hours. Bitcoin’s price tumbled to just below $40,000 Monday, sliding near $39,500. 

The $40,000 benchmark has emerged as a key level for Bitcoin because how it performs from there could determine whether the market enters another bullish or bearish phase, experts say.

“Bitcoin could find medium-term support at around $37,000 and $31,000,” Danial said in a TikTok analyzing Bitcoin’s price.

Bitcoin had been stuck below $40,000 until it jumped 10% to above $42,000 following President Joe Biden’s March 9 signing of a sweeping executive order on cryptocurrency. The order calls for government agencies to create a plan to regulate cryptocurrency, and to consider a government-issued central bank digital currency.

Since then, Bitcoin has remained under pressure as investors wrestle with rising inflation, geopolitical crises, and the potential for tighter monetary policy by the Federal Reserve. The crypto market is increasingly tracking the stock market lately, which combined with more mainstream adoption and the slumping prices starting the year, makes it even more intertwined with developing circumstances in Eastern Europe, experts say. 

Minutes from the Fed’s March meeting last week showed the agency’s plan to shrink its balance sheet by $95 billion each month to combat inflation. The latest inflation report shows consumer prices rose by 8.5% from a year ago — the largest surge since 1981. 

In the short term, these factors have created some noise and extra volatility in the crypto and stock markets, but this is usual during times of uncertainty. Volatility is standard in the cryptocurrency market, so experts predict the ups and downs to continue. 

“Increased correlation to other risk assets is to be expected with the increased institutional adoption of crypto, and we don’t see this changing any time soon,” says Ben McMillan, chief investment officer at IDX Digital Assets.

Bitcoin’s high point of the year so far remains in the earliest days of January, when it nearly hit $48,000. In that same month, Bitcoin also hit its six-month low as it dipped below $34,000. Bitcoin has lost 40% of its value since its Nov. 10 all-time high above $68,000.

Bitcoin’s price has been between $39,000 and $43,000 this week. Here’s how its current price compares to its daily high point over the past few months:

One Week Ago (April 11) One Month Ago (March 18) 3 Months Ago (Jan 18)
$42,239 $41,701 $41,744

So what should crypto investors do in light of this volatility? Nothing, according to the experts we’ve talked to. Given crypto’s history of volatility, this increase doesn’t guarantee a long-term reversal. Bitcoin’s price is just as likely to fall back down as it is to continue climbing. The future of cryptocurrency is sure to include plenty more volatility, and experts say that’s something long-term crypto investors will have to continue dealing with.

Bitcoin Predictions and the Future of Crypto

Bitcoin has shown as steady a rise in value over the years as any other cryptocurrency on the market, so it’s only reasonable for Bitcoin investors to be curious about how high it can ultimately go. 

Conservative predictions of Bitcoin say the cryptocurrency will reach $100,000 by 2023, but more bullish crypto enthusiasts say $250,000 isn’t far from sight. Big financial institutions have made their own predictions as well, with JPMorgan seeing a long-term high of $146,000 and Bloomberg saying it could hit $400,000 by 2022. A recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in five years. Because Bitcoin is so new, price predictions are mostly informed speculations. 

What Bitcoin Investors Should Know

Bitcoin is a good place for beginner crypto investors to start, according to the experts we’ve talked to. But you shouldn’t invest in Bitcoin just because others are doing it. More than anything, know what kind of investor you are and buy Bitcoin only in a way that works with your long-term investment strategy. 

If you’re investing in Bitcoin, expect volatility. Just like you shouldn’t let a price drop influence your decision to buy Bitcoin, don’t let a sudden price increase alter your long-term investment strategy. Even more importantly, don’t start buying more Bitcoin just because the price is rising. 

Investors should continue to hold and not worry about the fluctuations. No matter if crypto is going up or down, the best thing you can do is to not look at it. Set it and forget it like you would any traditional long-term investment account. If you let your emotions get in the way, you could sell at the wrong time, or you might make the wrong investment decision. 

How to Protect Your Bitcoin Investments

If you’ve incorporated Bitcoin into your investment portfolio, here are some steps you can take to protect it:

1. Watch for Crypto Red Flags

There are some common red flags in crypto — similar to classic money wiring scams and credit card fraud — that you should keep an eye out for. They include:

  • Typographical errors and obvious misspellings in emails, on social media posts, and during any communication
  • Promises to multiply your money
  • Contractual obligations that lock you into holding crypto without being able to sell
  • Fake influencers or claims to be a celebrity
  • Psychological manipulation like blackmail or extortion
  • Large social media crypto schemes
  • Promises of free money
  • Vague details about where your money is going

2. Protect Your Digital Wallet

Another way to protect your Bitcoin is to implement good digital security habits, similar to how you’d handle large sums of cash by putting them in a safe or FDIC-insured savings account. Experts say small-scale investors with a few hundred dollars in Bitcoin are probably OK keeping it on a mainstream exchange like Coinbase. But if you have a significant amount of Bitcoin, you can incorporate a crypto wallet for additional safekeeping. There are two types of crypto wallets: hot wallets and cold wallets.

Hot wallets are used to store crypto online. They are secure, but more susceptible to hacking than cold storage, which is when you store crypto offline on a piece of hardware. Think of cold storage as kind of like a safe in USB-drive format. It’s more secure, but if you forget your password or lose the device, you could lose access to your money forever.

Because crypto held in hot wallets is not FDIC-insured, you’ll want to make sure that whatever platform or wallet you store your…



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