The digital currency market is on the rise right now. The majority of coins in the market are now trading in the green, according to CoinMarketCap. The price of Bitcoin (BTC) is up by more than 6 six percent over the past day, while the price of Ethereum is up by about five percent. Litecoin (LTC), which is the best performing digital currency so far this year, is up by over 5 percent over the past day. Litecoin is now heading towards the short-term Litecoin price prediction of $150. Bitcoin price is also heading towards the Bitcoin price prediction 2019 of $9k, the digital currency is just $300 away from that level.
Bitcoin Price Prediction: The Price of Bitcoin (BTC) Might Hit $400K in the Future – Crypto News Update
The fundamentals of Bitcoin (BTC) shows that the digital currency has the potentials to surge significantly higher in the future. According to a publisher on Bloomberg – Aaron Brown – the next rally in the price of Bitcoin (BTC) could be more measured as it will be pioneered by global financial events and fundamentals instead of fear-of-missing-out. The Bloomberg author said that the boom and bust nature of the digital currency market isn’t just going to change right now. He added that if the future price action of digital currencies reflects previous bull runs, then the price of Bitcoin (BTC) could surge as high as $60k to $400k before it will plunge sharply.
The author said that the last two cryptocurrency rallies in 2013 and 2017 were basically pioneered by digital asset investors. He said this year is different as the present market cap of $273 billion is way more than 2015’s market cap of $3 billion and 2013’s market cap of $1 billion. In addition, there are considerably more digital asset investors today than last year. In addition, over $30 billion of investment and institutional capital went into creating new platforms.
More top players are also coming into the digital currency space. Some of these major institutions include Facebook, JP Morgan Chase, Goldman Sachs, and Fidelity. Facebook is also about to release its digital currency, which is coming in the next couple of weeks.
Cryptocurrency Market Update: Cryptos Are Still Volatile – Bitcoin News Today
Brown also gave a warning despite the robust nature of the market. He said despite the positive trends seen in the market, it is still possible for digital currencies to experience a double-digit crash. However, he believes that as the crypto market matures, it will start providing predictable returns of about 20 percent rather than the drastic 85 percent, which is usually seen at the end of Bitcoin bull run.
Bitcoin Price Analysis – Bitcoin Price Prediction 2019 – Bitcoin Price Forecast – Bitcoin News Today – Crypto News Update – BTC USD Live Price
The price of Bitcoin is currently at the same level it was back in November 2017. Bitcoin is facing a strong hurdle on the upside at the $8,800 mark. On the other hand, the digital currency is supported at the $8600 mark. A break over its immediate hurdle point will pave the way for more gains over the $9k level.
Bitcoin (BTC) Price Today – BTC / USD
BTC USD live price is $8,700 after an increase of more than five percent. The current market cap of the digital currency is $154.42 billion. The trading volume of the digital currency over the past day is $20.40 billion.