The price of bitcoin has broken to yet another all-time high today, crossing the ,000 line for the first time.
CoinDesk
Bitcoin Price Shows no Signs of Slowing Down as $11,000 is Within Reach
Although surpassing a Bitcoin price of ,0000 is a majestic feeling, it may very well be the tip of the iceberg. More specifically, we see a lot of markets push the Bitcoin price to ,000 and possibly beyond. Especially in Asia, the price is already approaching ,000, whereas the Western world is behind by over ,000. An interesting gap to take advantage of, that much is certain. What is Next for the Bitcoin Price? That is the big question on a lot of people’s mind right now. It is evident that the ,000 barrier has been broken successfully, but no
BitNewz.net
Litecoin Price Records new All-time High of $103, may Reach $110 Soon
Even though Bitcoin is still firing on all cylinders, we see the valuable altcoins cement their position in the top 20 as well. One currency that is currently overlooked a bit is Litecoin, despite the Litecoin price surpassing 0 earlier tonight. It is evident the silver to Bitcoin’s gold should not be ignored whatsoever. Even though its market cap is lower than it perhaps should be, the Litecoin price is holding its own with relative ease during this Bitcoin bull run. Litecoin Price is Tearing it up It is good to see the Litecoin price momentum established earlier this week
BitNewz.net
Cryptocurrency Market Cap to Reach $2 Trillion in 2018: Mike Novogratz
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Bitcoin could ‘easily’ reach $40000 by the end of 2018, hedge fund legend Novogratz says
“Bitcoin could be at ,000 at the end of 2018. It easily could,” Michael Novogratz says on CNBC’s “Fast Money.” “Ethereum, which I think just touched 0 or is getting close, could be triple where it is as well,” adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
BitNewz.net
Bitcoin Price Struggles to Reach $10,000 as First Attempt is Rejected
It has been another interesting 24 hours for Bitcoin traders. Last week’s bull run toward a Bitcoin price of ,000 has not subsided just yet. In fact, it almost seemed as if this goal would be reached last night, but the attempt fell short in the end. After hitting a Bitcoin price of ,780, the market is now cooling off a bit and refueling for another attempt at the five-digit mark. Bitcoin Price Fails to Surpass ,000, for now Many people have suggested the Bitcoin price will surpass ,000 before the year 2017 is over. Earlier this year, that seemed
BitNewz.net
Why Bitcoin Now Wears a Suit and Tie, and Will Soon Reach $10,000
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The post Why Bitcoin Now Wears a Suit and Tie, and Will Soon Reach ,000 appeared first on CryptoCoinsNews.
How Bitcoin Price Could Reach $10,000 by the End of 2017
Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RT’s Max Keiser firmly believe that the bitcoin price could achieve the ,000 mark in the short-term.
As Novogratz told CNBC:
“I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over ,000.”
SegWit2x Out of Sight, Institutional Investors Rushing In
The basis of the ,000 interim price target of leading analysts and investors like Keiser and Novogratz are based on the entrance of large-scale institutional and retail traders into the bitcoin market.
Analysts predict that the launch of bitcoin futures exchanges by CME Group and CBOE, two of the largest options exchange in the world by trading volume, would drastically increase liquidity for institutional and retail traders, potentially leading to tens of billions of dollars being invested in bitcoin in the short to mid-term.
It is important to acknowledge that the liquidity of bitcoin has increased significantly over the past few months, with only a handful of multi-billion dollar institutional investors and hedge funds in the bitcoin market. The daily trading volume of bitcoin is on par with Apple (NASDAQ: AAPL), the most liquid stock on earth, at around .4 billion.
The SegWit2x hard fork, which was supposed to occur on November 16, was canceled by its supporters and leading businesses including Blockchain, Xapo, ShapeShift, and BitGo. SegWit2x presented uncertainty to investors and traders within the bitcoin market, given that a sell-off from B2X dividend-expecting investors was a certainty. Several analysts expected a drop of around 10 percent.
Upon the cancellation of SegWit2x, the price of bitcoin surged to a new all-time high at ,900, prior to plunging to ,200. But, the major correction that occurred on November 9 should be seen as a positive indicator for the short-term growth of bitcoin, given that the major correction or sell-off from B2X-expecting investors had already occurred and it barely impact the price trend of bitcoin.
Bitcoin Futures and Mainstream Adoption of Bitcoin in Japan Will Push Price to ,000
A price target of ,000 by the end of 2017 is a possibility that cannot be ruled out, considering that the US market, the second largest bitcoin market with over 25 percent market share, is extremely optimistic in regards to the futures exchange launch of CME and the impact it will have on the bitcoin market in the long run.
Additionally, as NewsBTC reported earlier today, Japan has been experiencing a rapid mainstream adoption of bitcoin and the cryptocurrency market, triggered by the Japanese government’s practical regulatory frameworks and the implementation of bitcoin as a payment method by leading conglomerates.
If the Japanese and US markets continue to perform at the current pace in the upcoming months, ,000 is a likely short-term target. The adoption of SegWit by major bitcoin businesses like BitGo could also act as a minor factor in shaping the upward momentum of bitcoin price in the upcoming weeks.
The post How Bitcoin Price Could Reach ,000 by the End of 2017 appeared first on NEWSBTC.
XRP is Still on Track to Reach $2 Next Year
It is always interesting to look at digital currency price predictions. In most cases, these estimates are pretty solid in […]
The post XRP is Still on Track to Reach Next Year appeared first on Bitcoin Network, News, Charts, Guides & Analysis.