Bitcoin Surges over $8,000
Bitcoin value is increased over $8,000 and reaches $ 8,096 at 12:00 PM UTC. Last week the Bitcoin was trading in the $7,000 region but from April 13, Friday Bitcoin was trading above $8,000, reaching $8084. From that day, Bitcoin has maintained its position above $8,000.
The maximum value reached by Bitcoin was $8,367 at 06:49 UTC on April 16 and today the price of Bitcoin was recorded $8,096.03 at 15:59 UST, according to CoinMarketCap. Apart from bitcoin, all other cryptocurrencies too are performing well. After Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin all have increased their value in a past few days.
If we talk about last 24 hours data, Bitcoin has increased its value by 0.10%. And not only Bitcoin has shown bullish sign but all the top 100 cryptocurrencies except 18.
It is said that the Bitcoin is expected to go beyond this mark to cross the trendline set in December’17. But there is a huge difference to cover. Cryptocurrency experts believe that towards the end of this year. Bitcoin will cross the December 2017 benchmark. During the December 2017, the Bitcoin was trading at $20,000 which is the highest ever price recorded by Bitcoin.
Despite the price up and down, there are countries that are embracing Cryptocurrency. Japan’s many big companies and financial services provider are starting to invest in cryptocurrency to help businesses and customers for easy payment services in bitcoins. To read more click here.
While other countries are getting very strict regarding the rules and regulations like China. Alibaba subsidiary Taobao bans the cryptocurrency listings and ICO services while Chinese Government is interested in Blockchain Technology and is investing in the same for nurturing startups. Read More.
India’s Central Regulatory body of all banks, RBI orders all the banks to stop every activity related to cryptocurrency.
There are mixed signs both negative and positive regarding the scope of cryptocurrency in the future. If cryptocurrency again shows bullish sign as per the expectations of critics, it will call more and more investors from across the Globe, and might prove out to be a proven way of generating income. Yet, nobody can tell exactly, what future will bring, we will have to see the prices.