The whole and crypto market has seen gains in the prices of digital assets, especially , the oldest and leading by market capitalization. On May 12, (/USD) traded above the $7500 price level, which is its record high price since August 3, 2019 (around nine months). Several crypto analysts anticipate to skyrocket and hit $10,000 before this month ends.
The original , has been gradually increasing in value for over a week now. It started last week at around $5827, and since then, the price of the coin has never plunged, it was seen breaking the $6,000, $6,500, $7,000 and $7,500 resistance levels, in just 7 days.
BTC/USD 24-h Price
However, after reaching the $7500 level and jumping it, the coin started plummeting and fluctuating in value over a few hours. At press time, has fallen from yesterday’s high of $7,503.87 to $7,307, according to the coinmarketcap
(12:53 UTC), and there are visible signs that the coin might
further to trade back between the $5,500 – $6,500 range.
The total market cap of over 2160 is standing at over $219 billion, the total daily volume is at over $75.2 billion, and the dominance is around 59%. ’s potential rivals (ETH) (XRP) and Cash (BCH) are all in green at about $193 (1.69 percent) with a MC of $20.5 billion, $0.320568 (2.24 percent) with a MC of over $13.5 billion and $366 (3.63 percent) with a MC of over $6.5 billion respectively.
bitcoin to Hit $10,000 Level
Yesterday’s rally of was short lived and some people within the crypto ecosystem believe that the crypto won’t hit this high level again, at least not for quite some time.
A lot of people have previously
different prices of to happen between now and December this year. And now that the coin hit and surpassed the $7,500 level, whales and bulls are going to join the bandwagon and the crypto could likely reach and break the $10k price level, sooner or later.
Nevertheless, the predicted
price is still low compared to how the flagship was late 2017 and early last year. Don’t forget that /USD has ever changed hand at its all-time high of around $20,000 on December 17, 2017 and all-time low of almost $65.53 on July 5, 2013. Therefore, the price has the potential to fall or rise, basing on the factors and catalysts that influence it in the market.
Published at Mon, 13 May 2019 15:05:09 +0000