CRYPTOCURRENCY VALUE CONTINUES TO RISE
CRYPTOCURRENCY VALUE CONTINUES TO RISE

The price of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in the cryptocurrency.After peaking at close to $20,000 in December, bitcoin’s value fell to below $10,000 within a matter of weeks. This precipitated a market-wide crash that saw the price of ethereum, ripple and other leading cryptocurrencies tumble.

As the price of bitcoin continues to rise, some analysts are saying the market is primed for another “price explosion.”

The positive price forecast is in part informed by market activity that has seen a large increase in buy orders for the world’s most valuable cryptocurrency.

The IndependentBitcoin is primed for another “price explosion” that could see the cryptocurrency’s value soar to even greater levels than it experienced in 2017, according to analysts. The price predictions come amid significant gains across cryptocurrency markets in recent weeks that have seen bitcoin rise by more than a third in value to return above $9,000 for the first time since March.

The price of bitcoin broke above $9,000 for the first time since March, according to CoinMarketCap.
  1. Bitcoin: $9,232
  2. Ethereum: $679
  3. Ripple: $0.91
  4. Bitcoin cash: $1,537
  5. EOS: $13
The positive news has caused other cryptocurrencies to surge in value, most notably bitcoin cash, which experienced gains of more than 10 per cent since this time yesterday.

It wasn’t as dramatic as the $1,000 price rise that bitcoin experienced earlier this month, but the cryptocurrency’s most recent gains are still remarkable.
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source:::Anthony cuthbertson,
Author: Temitayo Olojede | Career Advisor | Job mandate | temity@jobmandate.com
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