• bitcoinBitcoin$9,450.560.90%
  • ethereumEthereum$235.852.51%
  • bitcoin-cashBitcoin Cash$236.641.71%
Good news for bitcoin investors? Cryptocurrency “bull run” a...

Good news for bitcoin investors? Cryptocurrency “bull run” ahead

Bitcoin prices have stabilised around $6,400 since October 2018 whereas equity markets have been tumbling, this may be a sign of relief to all the cryptocurrency investors and traders. Since June 2018, bitcoin is trading above $6,000 per unit after the world’s most popular cryptocurrency fell from its respective all-time peak of $20,000. In the current year so far, bitcoin prices have touched a low of around $5,900 in June, according to the data available at coinbase.com. (Related | Surprise, surprise! Bitcoin defies stock market crash; Sensex, DJIA tank 3% in 1 week)
According to a Forbes report, bitcoin and other cryptocurrencies are likely to see a bull run again. Changpeng Zhao, CEO, Binance, a cryptocurrency exchange, expects another bitcoin “bull run” to happen sooner or later, Forbes reported. “Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen… Sooner or later, something will trigger it,” Changpeng Zhao was quoted in the Forbes report.
Bitcoin is trading at $6,369.30 while ethereum and litecoin are hovering around $210.1 and $50.8, respectively, according to the latest data on coinbase.com.
Bitcoin prices saw a massive spurt in the last quarter of 2016, the time when a unit of cryptocurrency was available for $600-$900 apiece. In 2018 itself, bitcoin prices breached the psychological mark of $20,000 but since then it has been on a downward trend. All the cryptocurrency investors might be anticipating for the next upward trigger.
As far as the trading in India are concerned, the businesses of crypto exchanges have taken a hit after the warnings and increased watch by the Finance Ministry and the Reserve Bank of India. Recently last month, Unocoin Technologies, a Bengaluru-based blockchain solutions provider, became the victim of wrong marketing after they installed a cryptocurrency machine and named it as bitcoin ATM.

Source: https://www.timesnownews.com


Cryptocurrency investor, software developer and talented musician, Larry Thrasher has been studying the blockchain industry since 2014 and has some great insights into the workings and functioning of technology.

Leave a Comment