The digital currency market has been on fire over the past couple of weeks. Last year wasn’t really favorable to most of the digital currencies in the market, as the year ended with most cryptos deep in the red. Some digital currencies lost more than 90 percent of their values last year, from their all-time high. The majority of them started this year on a very low note.
Due to the poor price of action of the market, many analysts were not very bullish about crypto predictions this year. While Tom Lee Bitcoin price prediction for 2018 was $25k, the crypto bull reduced his prediction this year to $10k. Earlier this year, he said that the price of Bitcoin (BTC) will likely hit the $10k before the end of this year. The same trend was seen across the market on other digital currencies.
Cryptocurrency News Today: Cryptocurrencies Are Setting New Records – New All-Time High Alert
However, the market has taken a different turn and analysts are now becoming very bullish with their predictions. Five months into the new year, Bitcoin (BTC) is already trading close to the $9k level, which is not pretty far from Tom Lee Bitcoin price prediction 2019. The significant increase in the price of Bitcoin (BTC) is contagious as it spreads across the entire market. The prices of other digital currencies are also on the rise. Some digital currencies are now trading at levels they have never tested this year. Some of them are even testing levels they have never tested before.
Almost all the top digital currencies are currently trading in the green, with some recording gains of almost 100 percent over the past twenty-four hours. The valuation of the entire market is also on the rise, as it is now over $280 billion, with Bitcoin (BTC) contributing the majority of the shares.
Ethereum (ETH) Price Today – ETH / USD
Bitcoin SV Hits All-Time High – How Far Can the Price of Bitcoin SV Go?
Bitcoin SV has had a pretty interesting year. Bitcoin SV was hard forked from Bitcoin Cash (BCH). Since the hard fork, the price of Bitcoin SV (BSV) has been on the rise. The digital currency even made it to the top ten digital currencies in the market by market cap. However, Bitcoin SV experienced a heavy downward trend and plunged significantly after it was delisted by Binance. This bearish Bitcoin SV news caused the coin a lot. It lost is position as well as a significant fraction of its value.
Nevertheless, the recent crypto bull run has put the digital currency back in the game. The price of BSV is now on the rise and deep in the green. Over the past day, BSV USD price has soared by more than 100 percent. This has helped the digital currency to soar to $242, which is the highest level the digital currency has ever tested. Bitcoin SV is now back in the top ten, as it now holds the 8th position on the list of top digital currencies by market cap.
Binance Coin (BNB) Price Today – BNB / USD
Binance Coin (BNB) Also Hits All-Time High – Best Cryptocurrency to Invest in 2019
Binance Coin (BNB) is another top performer in the crypto market. Binance Coin also tested its all-time high after soaring over the $35 mark. The price of Ethereum (ETH) is also on the rise, and it is currently up by more than 8 percent over the past day. This significant increase in the price of Ethereum has brought it to a new yearly high of $283.