Bitcoin real time price: What is Bitcoin worth? Bitcoin (BTC) Price Today / USD
Price 24H (%) -0.28%
The crypto market is yet to start the much expected bull run. All the digital currencies in the market are still deep in the red. Bitcoin (BTC) is yet to recover, and it’s still struggling to break over the $4,000 level. The digital currency recently broke below the key psychological levels of $6,000 and $5,000. The value of the coin is now eyeing the $3,000 mark.
The value of Ethereum (ETH) is one of the most discouraging in the market. Looking at the value of the coin alone, one would think the glory days are long gone. Ethereum (ETH) traded close to the $1,500 in December last year. Nevertheless, the digital currency is now down by more than 90 percent from its all-time high. Ethereum is now trading below the $110 mark at the press time.
According to Forbes, the co-founder of BTC China – Bobby Lee – no longer believes in the use cases of blockchain technology outside the world of Bitcoin. The DLT (Distributed ledger Technology) is the main deal that is more likely to transform our lives. No doubt, the government have also used this technology for a lot of pilots.
For instance, blockchain technology is used for land registry in Georgia. This has greatly reduced the time, as well as the cost, of registering a property. Many governments, all over the world, have adopted this technology for one thing or the other.
Bitcoin price prediction 2019
CEO and founder of Yield Coin, Samuel Leach, talked about Bitcoin’s future in 2019.
“After having experienced a turbulent year in 2018 – one which saw its value collapse from circa $15,000 in January, to just above $3,000 at the time of writing – I do believe that Bitcoin will recover to a value of between $10,000 to 15,000.
“The inherent volatility of the cryptocurrency means that it is difficult to predict with any kind of finite accuracy. However, the outcome of upcoming events will go a significant way to determining the price.
“Intercontinental Exchange, the operator of the New York Stock Exchange is planning to launch Bakkt – a federally regulated market which will seamlessly and safely enable institutions and consumers to buy, store and sell crypto assets. Bakkt is supported by corporate leviathans like Microsoft, Starbucks and the Boston Consulting Group, and stands to bring levels of trust and transparency to the market currently unseen.
“Similarly, the crypto exchange ErisX recently raised $27.5m from Fidelity Investments and Nasdaq and plans to launch crypto derivatives in the top half of 2019. Fidelity is one of the world’s largest asset managers, controlling resources worth about $2.5trn. Likewise, the Nasdaq operate the second largest stock exchange in the world, after the NYSE.
“The involvement of such significant financial institutions and ‘mature’ crypto trading products will lead to an appreciation in Bitcoin’s price.
“A defined regulatory movement will also lead to an improvement in Bitcoin’s price. Proper regulation will make it safer for speculators and will lessen the presence of fraudsters or ill thought out products in the market. Further, it may encourage involvement from institutions, who to this point have been wary of engaging in anything crypto related for reasons of compliance.”
Why Is Bitcoin Price Changing So Fast?
In 2017, Bitcoin’s value soared from $1,000 to just under $20,000 before dropping down to around $13,000 at the end of the year. Since then, it’s value has risen and dropped sporadically from day to day, dragging smaller cryptocurrencies like Ether and Ripple along with it.
If you’re new to cryptocurrencies, this kind of volatility can be dizzying (and painful if you invest at the wrong time), but if you take a closer look it starts to make sense. Here’s why Bitcoin’s price keeps changing so drastically, and why it may get more stable in the future.
Reasons for Price Changes in Bitcoin: Popularity and Regulations
First, individual owners have less power over the price of Bitcoin, and, second, it creates stability since more people have a stake in the cryptocurrency. The other possibility is that government regulation could help stabilize Bitcoin. In the short term, that could cause its value to drop drastically (like what happened in China and South Korea), but in the future it could help calm down speculation and drive out the types of sketchy Bitcoin-related business that threaten to drag down the entire concept of cryptocurrencies.
How high can Bitcoin go in 2019?-
Bitcoin prediction: Cryptocurrency price WILL rise despite fears of collapse
Bitcoin has been the top-performing currency in the world in six of the past seven years.
BITCOIN’S price will rise again, investors have predicted, amid fears of a cryptocurrency collapse after the digital currency and its rivals saw values plummet.
But despite the fall and fears the bitcoin bubble has burst, crypto investors suggest cryptocurrencies could surge. Francesco Nazari Fusetti, CEO of AidCoin which allows individuals to track their donations thanks to blockchain technology said: “At present, prices in the cryptocurrency market could, of course, be better, however, the sharp correction that we see now is nowhere near a collapse.
“The drop in price is actually beneficial for the industry, as investors and cryptocurrency enthusiasts will be more incentivised to educate themselves about the space. As people become more educated it will, in turn, limit fear surrounding further price drops, as this is the nature of the volatile cryptocurrency market.“The recent drop in prices and uncertainty in the current market is heavily influenced by a mix of an unfavourable news cycle and speculation fuelled by the media.”
Gabriele Giancola, CEO and Co-Founder of Qiibee, a blockchain based loyalty ecosystem said: “South Korea has had somewhat of an impact on the current market and price situation, however we have seen prices plummet previously and the market tends to rally.
“In the long-term this will not have a big impact, as the power of blockchain and cryptocurrencies goes far beyond the price.”
Olga Feldmeier, CEO of Smart Valor, said: “it can easily go to $100,000 by the end of the next year and possibly even beyond.”
Nick Spanos, founder of Zap.org and the Bitcoin Centre NYC, said: “Bitcoin has a stellar year ahead. No matter how low bitcoin went in the past, it always climbed back at least a few times stronger.
“Bitcoin is now tested and proven to the market: more importantly, people now separate the Blockchain’s incredible abilities from outside issues, so bitcoin is gaining more solid confidence from users and outsiders as this understanding improves. These perceived downsides are being taken care of, while the upside for bitcoin is virtually limitless.”