Bitcoin has surpassed $15,000 for the first time on Thursday, just before the launch of the Bitcoin futures at the Chicago trading market CBOE that is coming on Sunday. The cryptocurrency has had a 24-hour high of $15,340 and currently the price corrected to something above $15,000. Knowing that on the same day Bitcoin’s price was $12,662, the higher mark is definitely something that impressed many traders and Bitcoin owners.
The virtual currency has been on a roll for a couple of months, growing more than 1400% this year alone and breaking all the records with its latest $15,000 mark from a sub $1000 level at the beginning of this year.
This made the Bitcoin market cap grow to $13.73 billion dollars, surpassing many leading companies and billionaires in terms of wealth. While Bitcoin is growing, Ethereum has fallen down to $427, just like Bitcoin Cash which is now valued at $1,350 and many other cryptocurrencies in the top 10.
It seems that the growth of Bitcoin and the fall of other currencies is happening because people are converting their other currencies in Bitcoin and making most of them, taking advantage of the rise.
For now, some experts predict an even brighter future with Bitcoin coming closer to $20k before New Year. We should wait and see if this happens – however, with a growth like this it may be an easy achievement for the virtual currency.
What do you think of the latest rise of Bitcoin? Is it too much and creating suspicions – or just enough so that traders could capitalize on it?
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]