- Bitcoin recorded a straight fall after rising above $10,000 yesterday
Bitcoin price movement has a massive impact on the values of a lot of other cryptocurrencies and its sudden fall to trade below $9,500 yesterday has started a wave of slow & bearish trends in the crypto market. The performance of the BTC in this month has been a roller coaster owing to new market entrants and speculations around Bitcoin’s leadership position. The coin’s current market performance, however, indicates a progressive trend in the upcoming days.
BTC to USD Price Comparison:
It has been quite a week for Bitcoin. The coin has shown all aspects, including sudden surge, sudden dip, and stable price movement. BTC started the week trading at $10,385.82 and has dipped almost 8% to trade below $10,000 at $9,465.22. BTC price slumped right after starting at $10,385.82 to hit $9595.01. Soon after, it gained momentum and started trading at $10,136.27 again but only after a brief momentum slumped to $9667.76. Yesterday, BTC managed to trade above 10k again at $10,165.37 and had a straight fall then to hit $9,411.68.
Current Statistics of Bitcoin:
- Bitcoin price is currently trading at $9,465.22
- The market cap of the BTC is noted to be $168,898,853,901
- 24-hour volume of the Bitcoin is $15,623,489,629
- ROI of the coin is noted to be 6,917.18%
- Circulating Supply has reached 17,842,200 BTC
BTC may have recovered from its $9,411 value, which is also week’s lowest value, now but there is a long way to go for the coin still. Bitcoin may start trading above $10,000 soon.
Bitcoin Price Prediction & Conclusion:
Bitcoin started the year trading at $3,700 and has recorded 3X growth since then to trade above $9,000. It has been a good year so far, and it will continue to be that in the coming months as well. According to the BTC price forecast, We expect BTC prices may cross $15,000 by the end of the year. However, it may take a few months of the next year for the coin to cross $20,000 mark as well.
This is a good time to plan long-term gains from Bitcoin and start saving for heavy benefits in the future.