Rise above 37500 US dollars! Bitcoin's crazy rise is hard to stop

avatar

PIC Sourse

Bitcoin's crazy rise can't stop! Although Bitcoin once plummeted by 17% on Monday, Bitcoin continued to attack on Thursday, breaking through $37,500, setting a record high again, with a 24-hour increase of 9%.

According to Coingecko data, the current global market value of cryptocurrencies has exceeded one trillion US dollars. As of writing, the total market value of Bitcoin is close to 700 billion US dollars, accounting for about 70% of the total global market value.

The prosperity of the cryptocurrency market has attracted the attention of investment banks. The international investment bank JP Morgan Chase stated in a research report on January 5 that Bitcoin's long-term price target may reach $146,000. The logic is that the current market value of Bitcoin is still far from the total market value of traditional safe-haven assets, and it needs to at least climb 4.6 times to catch up.

Catherine Coley, CEO of the US branch of the well-known cryptocurrency exchange Binance, gave a slightly lower target price for Bitcoin. She believes that Bitcoin's current bull market indicates that the price of crypto assets may be as high as $100,000.

However, Flipside Crypto, a cryptocurrency research organization, also issued a warning that the current active Bitcoin accounts are close to the highest level in history at the end of 2017. This may be a signal of some investors to sell. At present, less than 2% of trading accounts hold the market. 95% of Bitcoin is listed, so only a few large transactions can affect the price of Bitcoin.

Driven by Bitcoin, Ethereum has risen by 12% in a 24-hour period and is now quoted at $1220.14, and Litecoin has risen by 8% in a 24-hour period and is now at $170.780.



0
0
0.000
5 comments
avatar

Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in our discord.

0
0
0.000
avatar
(Edited)

i don`t have discord please remove me from block list

0
0
0.000
avatar

Hello,
Discord is a very popular application.
If you would like to submit your appeal ticket, please contact us in Discord.
Discord application can be installed on the phone.

You can also register into Discord on your laptop/desktop just using the browser just as any other ticket support service.

Thank you

Link to our Discord:
https://discord.gg/8S7hHgJh

0
0
0.000
avatar

Hi @todayusa
We could be close to a major correction, it can be expected at any time. And that's when you have to be very careful.
Because it can happen that many want to enter now, when it is at a very high price and they end up diminishing their capital in a very strong way.
I would recommend you to contact HiveWatcher to solve that situation that put you in some list, using discord is very easy. Because that message that appears every time you post keeps the curators away.

0
0
0.000
avatar

Congratulations @todayusa! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 4000 upvotes. Your next target is to reach 5000 upvotes.
You received more than 50 as payout for your posts. Your next target is to reach a total payout of 100

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000