It's 2021, a golden period for cryptocurrencies. We have seen so many events in this sphere, introduction of NFTs, Defi, etc. We have also seen the surge in the prices of different Bitcoin alternatives, like altcoins. But this journey all started with Bitcoin, the first cryptocurrency, and still, there is no one like it.

Even today, the cryptocurrency world revolves around this cryptocurrency. Cryptocurrency enthusiasts keenly watch the changes in this cryptocurrency's price, both current and historic.

Why? Because the market's dynamics depend on it. On the other hand, Bitcoin's price depends on market behavior.
After continuously decreasing for weeks, Bitcoin regained its foothold in the market. The latest Bitcoin price rate is $53,900, at the time of writing.

Experts analyze that there are still more surprises to come in the upcoming week.

We need to check how companies are faring with this currency. Especially what giants like Tesla, Paypal, and Microsoft are thinking, and how their stock prices are going.

With massive onboarding on the Bitcoin train, most of us expected inflation in the price. And initially, the graph was similar to what has been predicted.

But then it threw a curveball and caught many of us by surprise. Both bears and bulls must keep an eye on what's happening with it.

A massive jump in, either way, can be detrimental to it. It can interrupt the adoption program, which is not something any of us would want.

Also, investors may not gain what they are expecting. So, they pull out completely, which can again affect Bitcoin negatively.

If you are an investor, you would want good returns on your investment. But if you want that to happen, you have to invest at the right time.

You will likely buy a substantial amount of this asset during its low price, and reserve it for future use. Then, you may trade it for maximum returns. This is a fundamental investor mentality and often provides excellent returns.

Sometimes, you may need to wait, and see how the market is faring. Reading appropriate books and blogs will help you to make the right decision.

Then it's up to you, and how you respond to the market conditions. You can invest in other cryptocurrencies, there's no problem with that.

But Bitcoin will be your significant asset, and you need to make your strategy around it.