An Awesone Week for Crypto-Investors : New All-time Highs For BTC, ETH and LTC
The past week has been a very good week for most cryptocurrencies wherein new all-time highs were noted. First, Bitcoin has surged and passed the $18,000+ mark in just a span of days. Many experts suggest that the sudden increase in Bitcoin market value was attributed to the market interest as a result of release of the new Bitcoin Futures. Also, investor sentiments such as awareness and popularity has been causing a lot of positive waves in the Bitcoin market since there are a lot of new people who started to gain interest in Bitcoin.
As a matter of fact, Coinbase, one of the major digital currency exchanges, has increased its users for almost 5 times as compared to a year ago. That sudden increase in users signify that interest in cryptocurrencies is quite rampant nowadays.
Bitcoin is now currently trading at around $17,250 and is slowly challenging the $18,000+ milestone again. It would not be a major shocker that a few days from now, Bitcoin will pass this milestone again and may even reach a new milestone high in the coming days or weeks.
For the anti-Bitcoin enthusiast, they are warning the public for the possible burst in market price since most of them believed that Bitcoin is in a major bubble burst awaiting to pop. However, these anti-Bitcoin theories of bubble burst has been around since the middle of the year wherein Bitcoin was trading at around $1,500. It now increased to major folds of percentages but still Bitcoin maintained its increasing pattern and challenged the theories of major anti-Bitcoin investors.
Aside from Bitcoin, Ethereum and Litecoin has also reported great market movement wherein new all-time highs were attained. Most of the analysts believe that the market value increases of these two coins are associated with the increasing market interest of new investors dealing in cryptocurrencies. Also, increase in Bitcoin price also contributed to the noted movement.
Based on the graphs above, Litecoin market price had increased by almost 227% while Ethereum reported a 60% increase. Also, many analysts suggest that these two coins may even reach a new all-time high before the year-ends. Hence, there is still great income-generating chances if you invest in these two coins.
In the coming days or weeks, let's hope that these ongoing positive movements will continue to show.
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