The sudden increase in demand for bitcoin has made its market cap to cross $50 billion.The spike is the result of stabilized market after overcome of hard fork fear.Since bitcoin has limited supply and also has ever increasing demand,its market cap is expected to increase continuously.
We are seeing a more vigorous Bitcoin right now...as if emerging from hibernation and is ready to face the whole world with more energy and resolve. The SegWit thing has helped Bitcoin cement its reputation and place in the cryptocurrency world. It remains to be the King of the Cryptos and all the rest are just altcoins including the newly released BitcoinCash (BCH).
I am expecting so many good news in the coming days and weeks for Bitcoin. Soon we will be reading positive developments that can even influence the value of Bitcoin towards new territories. There is a great possibility that it can try to break the $3,500 wall maybe in the next two weeks...that is if there will be no negative news that can dampen the market.