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 faster than any other cryptocurrency.
It's a move towards huge means of acceptance of the coin currency and may generate huge demand for bitcoin. But it's difficult to accept that this factor accounted for very much of the last week's big price gains.
There are also some signals of high increase in bitcoin purchases from Big investors. That may be contributing to bitcoin's price rise, but it's not precisely stated why these investors have sudden interest for btc.
There are also some signals of high increase in bitcoin purchases from Big investors. That may be contributing to bitcoin's price rise, but it's not precisely stated why these investors have sudden interest for btc.
While bitcoin's price has been rising at a rapid pace in recent days, it has yet to reach the fever pitch of late 2017. In one 48-hour period days before the December 2017 peak, Bitcoin rose from $12,000 to $15,000 in less than 48 hours. A few days later, bitcoin hit its all-time record price of $19,500, then crashed—the start of a year-long slump that brought the price below $4,000 by December 2018.
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