WHY IS BITCOIN RISING SO FAST? - Michaeltrendz

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Wednesday, 15 May 2019

WHY IS BITCOIN RISING SO FAST?


The question on Why bitcoin is rising so fast is as a result of Purchase, news and Analysis of Bitcoin that makes the market worth the price currently.

About 7 days ago exactly last Wednesday; coinmarketcap.com chart revealed  that 1 bitcoin price had risen to $6,000 the highest ever in 2019. Five days later (Monday 5/15/2019), bitcoin reached a max of $8,000.Currently bitcoin is worth $8,042.88 according to coinmarketcap.

Definetely, bitcoin has once risen very high in late 2017 and early 2018. Bitcoin's current price above $8,000 is still lesser than what it has once risen to $19,500 the highest in bitcoin history, set in December 2017. Bitcoin was last worth at least $8,000 in July 2018.


With ethereum risen from 190usd/btc to 220usd/btc for the first time in 2019, and XRP the most highest coin with circulating supply of 42,133,310,721



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