Bitcoin that was nagging around $5800 since last week has now crossed the $6000 mark. When the first light of the day had just streamed in; the drifting price moments of BTC in the market steadily achieved a new breakthrough.
It was in December 2017 and December 2018 that the highest price $19,500 and the lowest price $3500 respectively was observed. It was ever since the lowest of December 2018 that Bitcoin price moved leisurely to accumulate and reach new heights. It was never after the fall in the year 2018 that BTC went through a colossal downtrend. It was then when the investors did not grace the investment of Bitcoin.
This surge is worth taking advantage of the investors.
Current Trading Statistics:
As per the data by the Trading view (Binance) on 9th May at 6:24 UTC time:
Bitcoin price is currently trading at (USD) 6072.76 with a Market Capitalization of 107,545,861,877 USD. The 24h volume is 15,641,316,823 USD with a circulating supply of 17,690,350 BTC generating a Return on Investment of 4388.40%. In the first half of the last 24 hours, the drift surge is observed breaking the bulls after the price (USD) 5954.79 and moving briskly when the day broke with hitting in the center of the dart and thus achieving the newest landmark of hitting $6000 and currently trading above the mark.
The massive security breach that happened yesterday at the Binance platform where the loss of around 40 million USD gave no insight that Bitcoin irrespective of the sober movement until yesterday will break through.
The dip did not let down the confidence rather built one. Currently, it is 1.98% more than the point of yesterday’s surge. Also, important to note that at the initial price point of the 24 hours it crashed as low as $5666.31, and now it is 7.17% more than the lowest dip in the last 2 days. As per BTC price prediction, Bitcoin is likely to build a strong resistance level at $6500.
Conclusion:
Currently, the Bitcoin price is trading at the 2019’s highs mark making investors go gala for their investments and returns thereupon. But again such surges and plunges have been a part of Bitcoin since its inception. The investors will be more focused on whether the price will grow or have a strong resistance built up!