Bitcoin at $10930 for the first time in 15 months

The recovery is on a skyrocket. In just 3 months, Bitcoin price has more than doubled in price. In just 24 hours it went from $9093 to $10930 according to CoinMarketCap data.

The recent run of Bitcoin’s price began in February when it was trading at well below $4,000.

Many financial advisors have reported advising their customers to invest up to 20% of their funds in cryptocurrency. Adoption and regulations, as well as the recent announcement by Facebook of launching Libra, its own digital coin, have boosted according to analyst’s the price of all cryptocurrencies.


Other Crypto Assets

Other major cryptocurrencies like Ethereum and Ripple were boosted by Bitcoin’s recent run, with gains of between 20-35 per cent over the last month alone.


The future could be brighter

Crypto trader Peter Brandt has pointed the range between $60,000 to $100,000

Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other, according to Peter Brand.

Throughout the past 12 months, investment firms specialized in cryptocurrencies have seen a large inflow of capital from institutional investors. This would increase even more if there’s an ETF approval later in the year.

Bitcoin halving is coming up in less than a year

That should shake things up as sometime in May 2020 the difficulty level of the bitcoin’s blockchain is halving. The process of reducing the reward for mining on the blockchain is repeated every four years which leads to supply deficit.

It is expected that as we get closer to the Bitcoin halving price of BTC will continue to increase.

Samuel Oskys

Sam Oskys is a British born technology enthusiast, automotive lover, artist, author and editor. His inspiration has been his life experiences; his evolution and adaptation in society and life itself and as a result, translated these emotions into art and words within his work in this duration. Writing about trendy, technology, automotive and lifestyle-related material is what he mainly focuses on and he’s currently one of the authors for High Worth Citizen. Contact Sam at +357-22029786 ext: 6115 or by email at [email protected] for editorial related questions.

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