Bitcoin Price Targets $4,500 (Again)
The bitcoin price experienced a 3% bump following Thursday’s Korea-fueled rally. Despite trading as low as $4,160 just two days ago, the bitcoin price has now risen to a global average of $4,406, placing it less than $100 beneath the $4,500 barrier. On WEX, BTC/USD is already trading as high as $4,490. If the bitcoin price can break through $4,500, many analysts expect it will make a run at $5,000 sooner rather than later.
Bitcoin Price Chart from CoinMarketCap
In the meantime, today’s upward movement raised bitcoin’s market cap to $73.1 billion, enabling it to retain a 49.2% share of the total cryptocurrency market cap.
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