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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