Bitcoin reverses, confident direction to $ 10,000?
According to statistics from CoinMarketCap, in the last 24 hours, the volume of Bitcoin traded was about 18.6 billion USD, the market capitalization recorded at 134.5 billion USD, an increase of more than 3 billion USD compared to the same time yesterday.
A sharp increase in Bitcoin has led other currencies to go up as well. Ethereum, the virtual currency after market capitalization, rose 1.8% to $ 149. Ethereum is also a virtual currency mined in Vietnam before. However, like Bitcoin, the attraction from Ethereum is currently significantly reduced due to the price fluctuations are too strong and the legality is unclear.
Ripple, the third-valued virtual currency, rose 3.37% to $ 0.223, pushing the capitalization to $ 9.6 billion. The volume of this virtual currency transaction in the past 24 hours is nearly 1.5 billion USD, a sharp increase compared to yesterday.
Meanwhile, Tether - the virtual currency ranked 4th in terms of market capitalization increased by 0.59% to 1.01 USD, capitalization recorded at 4.1 billion USD.
Bitcoin Cash increased significantly by 1.8% to USD 213, bringing the capitalization to USD 3.8 billion.
Litecoin is up less than 0.08% currently trading at $ 45.2, making it capitalized at $ 2.8 billion, trading volume in the nearest 24 hours is $ 2.4 billion.
EOS and Binance Coin increased sharply by 1.9% and 3.2%, respectively, trading at $ 2.7 and $ 15.7.
In general, the top 10 virtual currencies this morning are covered in green, a rare move in recent weeks, helping the total market capitalization to rise to over 201 billion USD.
According to many professional traders and analysts, the prospect of Bitcoin's growth in 2020 is very clear. The driver of growth lies in the increasing adoption of Bitcoin - a dynamic digital currency with limited supply.
Cryptomist analyst famous on Twitter in a recent share that Bitcoin will soon regain momentum. Cryptomist's comments come from comparing Bitcoin growth charts at different times in the past.
Luke Martin, another famous analyst on Twitter, also expressed that he believes Bitcoin will soon return over $ 9,000 to $ 10,000 due to the fact that there is still considerable buying pressure.
Michael Gronager, co-founder and CEO at Chainalysis, said many financial experts believe that cryptocurrencies offer great opportunities and they are ready to invest if legal issues are soon removed.
Fundstrat analyst Tom Lee said that US stocks rose and are currently at a high level, paving the way for investors to take risks of adding capital to Bitcoin and other markets.
Bitcoin is the first cryptocurrency in the world, and is the hottest development code among hundreds of virtual currencies today. In 2017, Bitcoin grew at a dizzying pace when at one time it was trading at over $ 20,000.
Bitcoin is increasingly widely accepted and can be used in the exchange of goods, services or the exchange of other currencies, provided that the other party is willing to accept the transaction.
However, such operating procedures and the lack of clear regulations have made Bitcoin a lucrative bait for smugglers and other criminals. Therefore, many countries and financial institutions around the world have warned against the risks and risks when investing in this form of currency.