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Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFT).
Bitcoin has begun to break out after flatlining around $11,500-11,700 for a number of days.
Just hours ago, as reported by Bitcoinist, the cryptocurrency crossed the pivotal $12,000 level.
While BTC has been slowing around that level, analysts are optimistic.
Ethereum’s London hard fork drops this week, and bundled with it is EIP-1559—an Ethereum Improvement Proposal that aims to address the network’s persistent issues with transaction fees.