This time the Bitcoin market is doing pretty well and this is also the time when the world is expecting the bull run for the crypto market. Although it is not confirmed when we are going to enter that situation of the market however it is anticipated that by the end of this year or Max in the next year, we are going to enter the market cycle. This happens once in four years and we are already at the age of this time. It is also the time when many companies will try to enter the crypto market because it is going to be a money-making opportunity for those companies dealing in crypto.
CME Group, which is the world’s largest futures exchange is also planning to enter in bitcoin trading. Trading is a profitable business for the companies. They know if they can have a bigger user base who trade then they are going to earn a lot because they charge a commission on every trade. Likewise, this group has already been part of the future exchange so they know how this business works and now with crypto they are planning to enter so that they can grab the crypto market as well. It's like another giant is entering the crypto market to provide trading services and it will not be a surprise if we get to see many more services coming from this company as well.
Bitcoin is trading above 65,000 U.S. dollars as of now and it will not be a surprise if it crosses $70,000 and goes even beyond that. People are expecting that this timed price for Bitcoin will cross 100K and it can also go up to 150 K which is surely a big amount. It's hard to predict as of now what price we are going to see in a year or so but people are confident and this is what we can see in the market momentum.
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