Cryptocurrency

Bitcoin Price Close on $10,000USD, has it finally bounced back?

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(Last Updated On: May 17, 2018)

#Cryptocurrency | #BtcPrice

Bitcoin seems to have bounced back as its daily value in the last seven days has been impressive, a BTC is worth $9,928.98 US Dollar, $71.02 away from reaching $10k value on Saturday , April 5, 2018 at about 1700Hours.

On iqoption, the bitcoin price has already reached $10,000USD, but a little below that value on coinmarketcap.com, a strong signal that it may have bounced back.

But the question is:

Will it be able to maintain its race as we all witnessed in 2017?

2017 was one of the most significant seasons in the trading lives of long investors ,who had bought and had hope in its future and what it holds when 1BTC was less than $1K.

However , the story changed a little bit as 2017 was winding down, it entered 2018 that way till it fell below $10K, since then it’s been struggling to maintain its 2017 impressive performance in the market.

But hope seems to have returned onces again for investors, who we believe are used to its volatility.

In 2017, crytocurrency billionaires were born, while thousands of other BTC millionaires emerged ,just from the little token they purchased years back.

And early 2018, we saw btc anonymous philanthropists making bitcoin donations worth billions of dollars to charities around the world.

If you recall, some months before November 2017, hopes were high on btc reaching $10,000USD, and when it attained that value, just like Oliver Twist, “Always want more” investors stepped up their hopes, that’s expected ,anyway.

They were hoping to see $12K, when that was achieved they were hopeful of $14,000, high ,higher and higher.

They believed that BTC hasn’t gotten to its highest price, considering different favourable predictions by its enthusiasts around the world.

They were unperturbed by JP Morgan’s pessimism, even though it later bought some btc, which it kept for better days.

Something significant about BTC price in 2017 was that it increased from $6,500 to $9,900, on and on till it reached an all time high of nearly $20,000USD.

This time, it’s another sign , closely related to 2017, gaining more value during the day (Nigeria) than the night.

Infobase understands that some countries will be waking up while we prepare for bed right here.

That is significant to Nigerian investors ,who closely monitor the best favorable time of the day for them.

We’ve also noticed that since reddit co-founder predicted that ethereum would reach $15,000USD before the end of 2018, price has significantly improved. He’s one of the voices in cryptocurrency and blockchain.

When people like that sneezes, investors pay attention.

At the time of publication, btc is close on $10K, while ETH was $822.78USD, increasing by 5% in the last 24 hours.

BitcoinCash, Litecoin, Cardano, Ethereum Classic and other coins were showing great improvement, with total market capitalisation of $469.99Billion this minute.

Has bitcoin finally bounced back?

No one can tell, but let’s continue to closely monitor its performance in the crypto market. That’s very important to investors.
What do you think about the latest crypto market performance? Let’s hear from you.

About the author

Opeyemi Quadri

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