Bitcoin Sets New all Time Highs - $3,000

in bitcoin •  2 years ago

Bitcoin Sets New all Time Highs - $3,000
Steem and other currencies rise as well on BTC Surge


Photo Credit: geocities.ws

"A Rising Tide Lifts All Boats"

Right now, Bitcoin has rallied to an all time high of $2,892.00 USD and is on track to hit $3,000 USD for the first time in history.


Chart Courtesy of Coinbase

Note: All though some Korean exchanges briefly saw highs of $4,000 USD, this has more to do with the shortage of Bitcoin on these exchanges at the time and other factors unique to South Korea.

When and if the $3k price is reached, expect a pullback as some investors jump off the "Crazy Train" and take profits.

As expected, investor and especially amateur investors, don't want to "Miss the Boat" (again) and are buying anything they can, that could make them a quick profit.

Here are a few current prices as of 7:52 A.M. MST

All Prices are in U.S. Dollars

Steem - Trading at $1.96 (up 27.64%)

Litecoin - Has rebounded to $30.35

Ethereum (ETH) - is trading at $263.28

Dash - Price is $145.97

Monero (XMR) -Selling for $51.99

It will be interesting to analyze trading after the dust has settled. The only recent factor that I am aware of is the "Un-Freezing" of Chinese Bitcoin accounts that occurred on June 1st.

The only, possibly negative or positive event on the horizon is the User Activate Soft Fork (UASF) of BIP 148, which rolls out on August 1st. Chinese miners, who control 72% of World Mining Power, have universally indicated that they do not intend to support this Soft Fork of Bitcoin.

So, that's what we know. Fasten your seat belts and prepare for a "Wild Ride".


Photo Credit: findingdulcinea.com

Note: This post is for informational purposes only and represents the authors opinion.This isn't intended as investment advice.
Readers whom wish to invest in precious metals and other assets should conduct their own due-diligence, including consulting with a qualifed investment advisor.

If you have any questions, don't hesitate to ask. And if you liked this post please VOTE UP, RESTEEM, COMMENT and FOLLOW @clearshado for more Insightful Commentary in Support of Liberty and Freedom, Natural Rights, Alt Currency, Preparedness, Survival & Guns.

https://clearshado.com/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Lets do this AGAIN @clearshado

You have been PROMOTED FREE for using the "promote" TAG (hashtag)

https://steemit.com/promoted/promote

Resteem...