The Bitcoin price has risen over 60% during the last 30 days and 20% within the last few 7 days, hitting a very high of around $9,650 sometimes of writing, which contains pushed Bitcoin’s market cap to in excess of $160 billion dollars. The entire cryptocurrency market cap is more than $301 billion dollars across all cryptocurrency exchanges. This massive price surge may just be coming from various sources – but finance experts around the world have been increasingly singing Bitcoin and blockchain’s praises given it becomes more legitimized. If bitcoin continues to rise at this rate it can break $10,000 with a few days. That should more than likely cause another price surge looking for people see bitcoin as ought to have a long term investment.
On the other side, one thing to consider though is if a large number of sells requires place at $10,000 by all who have that his or her profit taking number, that would drive the charge down. Over the years, whether or not buying power will overcome this really is yet to be seen.
Other cryptocurrencies going up as well as Bitcoin
Other altcoins are generally riding on current bitcoin surge, with Ethereum up past its historic high of $414, now at $475, its gains slightly as low as bitcoin at 61% over the last 30 days. Bitcoin Cash also seems to have fared well after its jump latest research by, now sitting at $1,665 at time of writing by having a 7 day gain of 42%. December and 2019 look just as if they are going to be considered a very interesting time for the cryptocurrency market, maybe in your green – maybe at a negative balance, but only time will tell.