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Author Topic: Bitcoin Price heads to $9,000 While Total Crypto Market Climbs to Nearly $400B  (Read 41 times)
joms123
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April 23, 2018, 11:28:28 AM
 #1




Crypto market continues with its positive show with Bitcoin Cash being the show-stopper. Analysts remain bullish on the future. Crypto markets continue its positive momentum as the Bitcoin prices are now just short of $9,000 levels with the total cryptocurrency market cap approaching the $400 billion mark. Last week proved to very good for crypto enthusiasts as the bulls were seen taking charge of the markets. The crypto surge added $80 billion to the overall market valuations as per the global charts on CoinMarketCap, and this price-rally has been majorly contributed by Bitcoin, Ethereum and Ripple besides other altcoins.

At the press time, Bitcoin is trading at $8,927.27 while the overall crypto market valuations are at $399 billion, according to the data on CoinMarketCap.

As the U.S tax deadline passed away last week, analysts believe that the Bitcoin price rally to the $20000 mark is just to kick-in. Fundstart analyst and Bitcoin proponent, Tom Lee said: “We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading.”

Considering the CoinsharesCrypto ETF, which is a major indicator of BTC price movements, he said: “We believe large institutional investors globally use this ETF as a way to quickly gain exposure to Bitcoin. Hence when shares rise, big money is buying bitcoin.”

Bitcoin Cash is seen once again leading the pack today posting a nearly 20% gain while trading just short of $1400 levels. It looks like as the Bitcoin Cash hard fork is approaching closer, more and more traders are lining up to grab this Bitcoin derivative at the earliest. The new Bitcoin Cash hard fork scheduled next month in May is expected to bring new features to the network along with simplified smart contracts that is driving the craze further.

Moreover, there has been a renewed positive in the market towards Bitcoin as the SegWit usage continues to grow since the beginning of the year. As per the latest data, Segwit transactions now amount to 32% of the total transactions while occupying 27% of the total block space in the Bitcoin network. Most of the crypto exchanges and wallets have now adopted the change and the use of SegWit is now giving a further push to the most awaited Lightning Network development.

Last month, Lightning Labs released the first Bitcoin mainnet-ready Lightning Network after reaching 1000 active nodes. The Lightning Network is basically a second layer protocol developed atop the Bitcoin’s blockchain network, which takes transactions off the chain, thereby reducing congestion on the main network while expanding the blockchain’s operational abilities by manifold times. Later, it will add the record of all these transactions to the BTC’s blockchain network.

Former JPMorgan banker, Daniel Masters is quite bullish on the future of digital currencies saying that they are fuelling a financial revolution. Masters currently heads the digital investment bank Coinshares and is the chief investment officer at Global Advisors.

Masters remains bullish on the crypto growth story and says that the future looks to be promising with the crypto markets being much bigger than they are today.


WHATS YOUR OPINION ABOUT THIS?

Read more at: https://beat.10ztalk.com/2018/04/23/bitcoin-price-is-heading-to-9000-while-total-crypto-market-climbs-to-nearly-400-billion-coinspeaker/
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April 23, 2018, 12:00:49 PM
 #2




Crypto market continues with its positive show with Bitcoin Cash being the show-stopper. Analysts remain bullish on the future. Crypto markets continue its positive momentum as the Bitcoin prices are now just short of $9,000 levels with the total cryptocurrency market cap approaching the $400 billion mark. Last week proved to very good for crypto enthusiasts as the bulls were seen taking charge of the markets. The crypto surge added $80 billion to the overall market valuations as per the global charts on CoinMarketCap, and this price-rally has been majorly contributed by Bitcoin, Ethereum and Ripple besides other altcoins.

At the press time, Bitcoin is trading at $8,927.27 while the overall crypto market valuations are at $399 billion, according to the data on CoinMarketCap.

As the U.S tax deadline passed away last week, analysts believe that the Bitcoin price rally to the $20000 mark is just to kick-in. Fundstart analyst and Bitcoin proponent, Tom Lee said: “We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading.”

Considering the CoinsharesCrypto ETF, which is a major indicator of BTC price movements, he said: “We believe large institutional investors globally use this ETF as a way to quickly gain exposure to Bitcoin. Hence when shares rise, big money is buying bitcoin.”

Bitcoin Cash is seen once again leading the pack today posting a nearly 20% gain while trading just short of $1400 levels. It looks like as the Bitcoin Cash hard fork is approaching closer, more and more traders are lining up to grab this Bitcoin derivative at the earliest. The new Bitcoin Cash hard fork scheduled next month in May is expected to bring new features to the network along with simplified smart contracts that is driving the craze further.

Moreover, there has been a renewed positive in the market towards Bitcoin as the SegWit usage continues to grow since the beginning of the year. As per the latest data, Segwit transactions now amount to 32% of the total transactions while occupying 27% of the total block space in the Bitcoin network. Most of the crypto exchanges and wallets have now adopted the change and the use of SegWit is now giving a further push to the most awaited Lightning Network development.

Last month, Lightning Labs released the first Bitcoin mainnet-ready Lightning Network after reaching 1000 active nodes. The Lightning Network is basically a second layer protocol developed atop the Bitcoin’s blockchain network, which takes transactions off the chain, thereby reducing congestion on the main network while expanding the blockchain’s operational abilities by manifold times. Later, it will add the record of all these transactions to the BTC’s blockchain network.

Former JPMorgan banker, Daniel Masters is quite bullish on the future of digital currencies saying that they are fuelling a financial revolution. Masters currently heads the digital investment bank Coinshares and is the chief investment officer at Global Advisors.

Masters remains bullish on the crypto growth story and says that the future looks to be promising with the crypto markets being much bigger than they are today.


WHATS YOUR OPINION ABOUT THIS?

Read more at: https://beat.10ztalk.com/2018/04/23/bitcoin-price-is-heading-to-9000-while-total-crypto-market-climbs-to-nearly-400-billion-coinspeaker/

This could encourage investors to continue patronize Bitcoin. Knowing that the start of Bitcoin rally is kicking in with the target of $20k, be getting ready to invest and buy Bitcoin is the best option to do. With the emergence of the Bitcoin derivatives like Bitcoin cash and ethereum are the threat to this rally but believing in Bitcoin than any other altcoins will be more effecient.

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April 23, 2018, 12:11:04 PM
 #3

-snip-

A HODLer's dream-come-true in progress, seems like the bloodbath is finally coming to an end with swift recoveries across most markets. What was once nearing to a $1 Trillion market cap suddenly capsized and the recovery process seems to be good thus far. Just another stepping stone on the way towards the big number and I'm sure this bullish market is going up take us up the eventually!


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April 25, 2018, 07:16:01 AM
 #4

-snip-

A HODLer's dream-come-true in progress, seems like the bloodbath is finally coming to an end with swift recoveries across most markets. What was once nearing to a $1 Trillion market cap suddenly capsized and the recovery process seems to be good thus far. Just another stepping stone on the way towards the big number and I'm sure this bullish market is going up take us up the eventually!
That bloodbath was actually a chance for all new investors as well as the old ones to increase their amount of bitcoin but now it is very hard to see bitcoin at low prices again. Even in that bleeding dip, it did not go beneath 5k dollars. I think, there is still a little opportunity window for investors. Bitcoin is expected to rise very high and absolutely it will. Before that happens, this should be bought.

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April 25, 2018, 07:24:22 AM
 #5

I think the bitcoin will soon climb up to 10K, and this year we have a hope that the price of bitcoin will reach 30K, and the entire encrypted market value will be over $100 billion for the first time. This year there is a very important time point, that is, the 2018FIFA World Cup, opened in June 14th. Yes, it is coming soon.
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April 25, 2018, 07:27:59 AM
 #6

Only a matter of time before we see a $10k price for BTC. 
Again, time is the only thing not on our side here, as I think most people in this space are expecting a coin worth more than $9k.
Still in the midst of a correction, I can see a $10k BTC within the next 2 weeks.

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