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.
TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…
Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…
Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…
Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…
Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…
Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…