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.
A major milestone is unfolding in the blockchain economy as Polygon records a historic “flippening”…
Fresh data shared by The DeFi Edge highlights a brutal reality for this year’s token…
Strategy has once again strengthened its Bitcoin position, announcing the acquisition of 2,486 BTC for…
British banking heavyweight Standard Chartered has sharply reduced its outlook for XRP, cutting its 2026…
Blockchain analytics firm Bubblemaps has uncovered fresh onchain activity tied to Hayden Davis, the figure…
Fresh speculation swirled this week around X after reports claimed the platform was preparing to…