Update: Bitcoin's price re-enter the $16K zone.
This is a short update about bitcoin's price.
Hope you can get some information from it.
As the weekend is coming, then the last two holiday weekends the things are looking far more idealistic for Bitcoin market.
Market value has jumped remarkably since it hit a low of $11,600 across global exchanges with the price now averaging $16,500 per BTC on January 5.
As you can see in the chart.
BTC markets moved sideways while tokens priced under $5 USD like ripple, stellar, and others had seen exponential rise.
Bitcoin core markets have overcome over the past two days as each token has gained over $1,000 in value per day.
Bitcoin core markets bounced between $14900-15,200 during the last 48 hours while Other coins like NEM, ripple, and ethereum saw major jumps in value.
But today is different story as BTC has risen to a high of $16,500.
Thanks for Reading.
thanks for sharing imo we are headed for 22 k at lease interesting to see where we go from here.
No problem Just a Little update.
I see a lot of consolidation but that doesn’t mean it will go up from there. I see BTC as the poster child but not the one that will get the biggest share of the crypto market in the coming years. Plenty of other coins that can become much more valuable (could be in total market cap though).
What do you think about that?
At some points, i agree with you and I think bitcoin as a gamble I do not wanna spend on my money. as I have written other coins got major jumps in values, as you can see steem dollar have got more value than before and can go much higher in upcoming future. As you know bitcoin is a big cryptocurrency and sometimes it goes drastically down in value, thats why i am saying bitcoin as a gamble. And i think ripple can surpass bitcoin in near future and also Ethereum as it has got 3.26% change in 24 hours as compared to bitcoin which is 2.27%. Thanks.
Thank you for sharing your point of view. It's natural that there's more growth potential in the lower priced coins but usually this comes with more risk.
Then again the whole market is high risk.