Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) Records 35% In Month; Will Increase Mass Adoption

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  • Bitcoin may cross $15,000 mark in the coming month.
  • Bitcoin will increase mass adoption and acceptance at major stores.

Bitcoin has been performing well in the year thus far and it may surge exponentially in the coming months. The coin has now been accepted at major stores including Microsoft entertainment and gaming, Amazon gift cards, Avnet electronics and hardware, and Atrium professional services among numerous others. The month of June has been a good one as also reflected in the current market statistics and there are high chances that this performance may continue in the coming months as well.

https://twitter.com/Bitcoin/status/1143435514025955328

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Bitcoin Price Statistics:

In the last 30 days, Bitcoin has recorded an uptrend of over 35% rising from $8856 to its current value of $12,009.30 as on 30th June, 2019, at 06:04:57 UTC. The surge has been steep & consistent, and the BTC token peaked as high as $13,848.17 in the last week of June before it started dropping slightly to move down the $12,000 mark.

Bitcoin Price Chart - 30 June

  • The price of BTC to USD is noted at $12,009.30.
  • The market cap of the coin is noted at $215,214,469,797.
  • The 24 h volume of the coin is now $27,761,627,276.
  • The circulating supply of the coin is noted at 17,788,987 BTC.
  • The ROI of the coin now stands at 8,750.85%.

This month has been one of the best months in the history of Bitcoin performance and the coin surges as high as $13,848.17 recording 52-weeks high. It is only going to get better in the coming months.

Bitcoin Price Prediction:

BTC price has surged over 4X since the beginning of the year from $3,000 to its current value and the coin has been performing well since the last 2 months which has directly impacted a lot of other coins in the crypto market. BTC token may cross the $15,000 by the end of next month and remain afloat above it for longer. By the end of the year and as also speculated by various market analysts, BTC may move above $20,000 crossing its all-time-high value.

Conclusion:

It is indeed a good time to invest in Bitcoin as the coin is gaining momentum and may go bullish any time now.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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