Bitcoin Forum

Newsflash: Bitcoin Price Tears Beyond $9,750

Bitcoin price has continued to blitz in an upward spike this morning, hitting a record $9,771.

Within a day of setting a new historic high of $9,000, prices continued to climb overnight before hitting $9,500 during the early hours of Monday. After hitting the figure at 00:30 (UTC), bitcoin price pressed ahead to achieve the new all-time high of $9,771 on Bitfinex at 06:00 UTC, this morning.

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At press time, bitcoin price remains above $9,700 with a 7.6% gain in a 24-hour period, according to data from CoinmarketCap. Over the last 7 days, bitcoin is now up 21% as the world’s first cryptocurrency grows to a market capitalization of over $162 billion. That’s a figure that now pits bitcoin within touching distance of Mastercard’s valuation ($171 billion), the world’s second-largest payments processor, after Visa.
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Dropped in the world’s M1 (liquid money metric) scale on the CIA’s global list, bitcoin is #27 on the global list, above the likes Brazil and the United Kingdom and fast playing catch up to Russia and Mexico.

Since the turn of the year when prices hit $1,000, bitcoin’s astounding gains now sees the cryptocurrency rise a remarkable 875%(+) in 2017.


Source: https://www.cryptocoinsnews.com/newsflash-bitcoin-price-tears-beyond-9750/

Can we expect it to reach $10,000 within the week?

But you know what, that is my theory. Because based on my observation via the app, approximately $250+ increase in one night happens almost all the time. I am just too anxious as to when I will withdraw and convert my money to fiat currency.

I just hope these developments will continue to soar before anything else collapses. We just have to keep our eyes on the prize.

Bitcoin price will eventually collapses in the coming days, and I think it is completely part of the cryptocurrency to observer drops like this. But whats more significant is that Bitcoin rise with more power after the drop. For instance, when price was corrected to $5,700 it was best time to buy and with few days now the price is soaring at $9,700 and easily in the next 48 hours either we will face a crash or Bitcoin will cross 10k USD.

this increase increase was something expetacular, but we still have not reached the $10,000. When we reach $10,000 it will be much more commented on all the news channels



even on those days I was commenting on this subject, how many people are becoming rich because of this bitcoin increase? Imagine people who have many bitcoin and bought those bitcoins when the price was  $1000