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Price Analysis

Bitcoin (BTC) Price Analysis: Bitcoin To Further Accelerate With Strong Backing & Collaborations

The predictions of 2019 being the year of cryptocurrencies seem to be coming true as more and more industry players join hands with the leading digital assets ruling the world of crypto tokens. The recent alliance of Bitcoin coin with the telecom giant AT&T is a testament to increasing trust of traders and investors in the power & potential of these blockchain based currencies. The current market trend showcasing consistent upward movement supports it further. Although the value of the coin has not shown much increment in the last 7 days, but a consistent trend is also sometimes necessary to restore stability before the bull run.

Bitcoin Current Price Statistics:

As on May 25, 2019, at 05:05:20 UTC, Bitcoin’s value was trading as shown in the graph:

Bitcoin Chart

ParticularsStatistics
Price (USD)8012.06
Market Capitalization142,180,690,542
24h volume25,423,387,836
Circulating Supply17,721,037 BTC
Return on Investment5,829.99%

The price of Bitcoin at the onset of this week was noted around $8045, and it dipped to almost $7,800 in the middle of the week. The coin value is now regained and is continuously showing consistent movement by not falling below $8000. The Market Capitalization at the time of writing was observed at $142,180,690,542, and there has been a substantial increase of over 60% in the Market Cap in the last 2 months. While the circulating supply is now $17,721,037 BTC, the ROI sets new hopes for bullish trends standing at 5,829.99%. The 24h volume of the coin is noted at $142,180,690,542.

Conclusion:

Bitcoin price is going to go up further in the next one month and can cross the $9000 mark in the coming 30 days. Buying Bitcoin is a strategic move now as the coin can cross over 20,000 USD one year down the line. The market analysts are strongly supporting the cryptocurrency growth, and traders are increasing investments in it like never before.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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