Quote from: Slow death on Today at 11:03:15 PM

Quote from: idrinkchocolatemilk on July 28, 2021, 11:07:51 PM

The cryptocurrency market has bounced back in a big way since May's lows. Bitcoin is back over $40,000, with many other cryptos following suit.

if china hadn't created all that banning mining drama and if elon musk hadn't also come to spread fear in people, the price wouldn't have dropped much, but luckily elon musk managed to speak well of bitcoin and calmed the market and miners are also free of china

Quote from: idrinkchocolatemilk on July 28, 2021, 11:07:51 PM

While a run like this makes it very likely that cryptocurrencies will soon go to $100,000 or more

you mean bitcoin will hit $100,000 soon, well it could take years for the price to hit $100,000, it all depends on how many big companies like amazon could come along to create another bull run

$100k is still far from our horizon, let us just aim to hit again the ATH, or even above $60k.
However, to attain that level again, we need a very solid good news coming from top companies.
But for now, we are glad that we hit again the $40k, where a lot of spectators are predicting that it will go down as much as $20k again.
This demonstrates that the support in the bitcoin's market is really going strong despite of the setback coming from China.