The Bitcoin Bullish momentum keeps soaring upwards, Bitcoin has broken a new year-to-date high, currently trading at over $12,357 in just a few days after it broke into the five figures range.
BTC Market Valuation Now Sits at $219 billion, a figure most wouldn’t have believed at this time for Bitcoin’s market standing, the digital asset is currently up over 10% and isn’t showing signs of retracing.
CEO Of Gemini exchange Tyler Winklevoss had earlier said that nothing will stop Bitcoin from hitting $15,000 once it gets above $10k and that seems to be playing out as forecasted.
Most Cryptocurrencies have also followed suit with rapid price increases, Ethereum has gained over 8% and now valued at over $335, XRP is also moving its positive standing forward with a 3% price increase in the last 24 hours. Another altcoin currently posting immense gains is NEO, the digital currency is up over 14% at press time and has also breached beyond its major resistance level of $20
If the Market keeps up with this Bullish sentiment, Bitcoin could be hitting a new all-time high in the next few weeks.
The total market capitalization has now skyrocketed past $360 billion with Bitcoin’s dominance now at over 61%, analysts say BTC’s dominance at such high range of over 60% will keep the altseason in check for now.
Meanwhile, Co-founder of Morgan Creek Digital, Anthony Pompliano recently opined that Bitcoin is certainly going to reach a $100k price level before December 31, 2019.
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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
