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Bitcoin

Never Before Than Ever! Bitcoin (BTC) is Gaining Stupefying Momentum

Bitcoin, what heights has it reached? Bitcoin seems to be accomplishing the very mark of 6000 USD price. With the year’s high being recorded, Bitcoin is escalating the market with its growing trend for a while now.  Bitcoin is showing incredible growth to be a market leader forever and always, to highlight its most important feature against which the other coins hold their competitiveness to. Bitcoin today has hit the year’s highest price (USD) 5,962 which is prodigious to pen it down. Today, it seems to have broad daylight with a 4.17% hike in the price of Bitcoin in the last 24 hours.

Current Statistics:

Bitcoin

According to the statistics and chart by Coinmarketcap, the current data for BTC on 7th May 2019 at 5:24 UTC time is as follows:

 
Particulars
Statistics
Rank#1
Price (USD)5,953.76 USD
Market Capitalization105,164,139,678 USD
24h Volume17,123,579,468 USD
ROI4,290.28%
Circulating supply17,686,812 BTC

Data Interpretation and Analysis:

According to the above data and chart, it is very much evident that Bitcoin is continuously growing breaking all the old resistances and growing above its supports to achieve new heights. Its price and total supply resulting in market capitalization has crossed a $100 billion mark. It is 5.66% higher from the price (USD) 5633.59 seen on 24th April when it has just touched the $100 billion Market Cap mark. Per the growth based scenario, it is likely to rise above $6000 mark in a span of 10 days. The bull spread seems to be overpowering and stabilizing market growth. While moving lucidly until last month, it was then when the mountains were climbed and today it is 43.22% higher than the cliff point of the price (USD) 4156.87 observed on April 02. Needless to comment, that it is a momentous hour of the day for the investors to exploit the investment opportunities to gain great returns on the red-blooded BTC.

Conclusion:

It seems to be an end of the plummeting era for Bitcoin. Investors to buck up and decide upon getting a long or a short position because Bitcoin will never fail to surprise its lovers.

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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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