According to Coinmarketcap,
Bitcoin price suddenly increased to $7,806.44. One of the largest Cryptocurrency investment funds stated that this would be the right time to buy Bitcoin.
Bitcoin price unexpectedly increased by 1,000 USD for 30 minutes to pass through 7,000 USD after consecutive plunges.
The price gains represent a 12 per cent increase since this time yesterday and a 14 per cent increase week-on-week. In the last year, bitcoin has risen by over 500 per cent in value. The total cryptocurrency market cap for the last 24 hours has increased by 310.4 USD, equal to 15% since 24 hours ago. For the past 7 days, the cryptocurrency market cap has grown by 22.2%.
Today’s rise doesn't appear to be driven by any significant news stories. However, some advocated that it is the changes in investors’ mind that led to the increase.
Matt Greenspan, a financial analyst, claimed that Wall Street crypto investment will eventually trigger a stabilization in price. He said: “Definitely Wall Street is getting involved and they are building the bridges as we speak, whether they are going to go full on bull or full on bear, we don’t know. But the important thing is that they’re ready to take on and to inject new liquidity into this market which at least should even things out and stabilize the price.”
However, Cooper, the head of mobile in startup fintech Revolut told The Independent that the investors were advised to be careful with Bitcoin’s temporary rise.
Let’s wait and hope that Bitcoin will come back to its peak as it did in 2017.#
NIL#
NilecoinTeam
