The price of Bitcoin recently dove to US$3,824 and subsequently picked back up to reach a high of US$4,480. At the time of this post, the price sits at around US$4,294. Bitcoin has been fairly volatile lately due to the recent all-time highs, and the market is at a crossroads in regard to its next move.
We have seen the largest increase in market capitalization yet, with one Bitcoin pricing in at over US$4,000 in recent days and the current market capitalization hovering at around US$68 billion. In August 2013, roughly four years after the inception of Bitcoin, the market cap was at approximately US$1.3 billion and the price of one Bitcoin was a measly US$111.70.
Many respectable people in the Bitcoin industry or even outside of the industry have recently speculated that BTC might go to US$500,000. Another has speculated US$7,500 by this year’s end, which is more realistic in my opinion. I do personally speculate that Bitcoin can reach 5 digit pricing in the near future.
Key Points:
Source: Bitstamp.com
Source: Coinmarketcap
Source: Tradingview.com
Bitcoin pricing sponsored by Denarius [DNR]. More information at https://denarius.io. This is not investment / trade advice. Always do your own independent research.
Solana (SOL): A Strong Ecosystem Despite Volatility Solana (SOL) has been all over the place…
Cryptocurrency trends are keen on the forecast that was recently released by Llama 3.2 model…
A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…
An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…
In a surprising turn, $BABYDOGE has climbed to the top three in Wintermute’s memecoin holdings…
The $Pnut memecoin recently soared past a $120 million market cap, creating unexpected wealth for…