Bitcoin value Hits $11K less than 24 Hours after Breaking $10K Mark
June twenty two — bitcoin (BTC) has crossed the $11,000 line for the primary time since March last year these days, according to Coin360. The leading cryptocurrency had surged past the $10,000 mark but twenty four hours past.
Bitcoin is presently already approaching $11,100, up a notable nearly thirteen p.c within the past twenty four hours to press time. Meanwhile, major alts have additionally surged, with ETH seeing a multi-month high over $300.
Yesterday, on June 21, professional trader Peter Brandt tweeted that bitcoin’s value is currently taking aim at $100,000 target.
In his tweet, Brandt noted that bitcoin is on its fourth parabolic growth part and could be a market like no other:
“Bitcoin takes aim at $100,000 target. BTC USD is experiencing its fourth parabolic section geological dating back to 2010. No alternative market in my forty five years of trading has gone parabolic on a log chart during this manner. Bitcoin may be a market like no other.”
Attached to the tweet, Brandt additionally published a table containing information concerning the value growth of bitcoin. In keeping with the info contained in the image, from October 2011 to December 2017, bitcoin accrued its value 9,765-fold.
Among the responses to the post there are various scams makes an attempt, business pretend BTC and ETH giveaways from Brandt. A minimum of one amongst the scams is promoted through verified Twitter profiles.
In late might, the co-founder of blockchain investment company Kenetic foretold that the value of bitcoin can rally as high as $30,000 by the end of this year.
Earlier this month, the founder and business executive of Digital Currency group argued that it “looks like, perhaps, we are coming out of a crypto winter, and we’ve entered a crypto spring,” in an interview with Bloomberg.
However, in an interview with Cointelegraph identical week, another business commentator — ex-Wall Street executive and current blockchain investigator Tone Vays expressed skepticism about the very fact that crypto winter is over.
Earlier this week, cybersecurity firm Kaspersky research lab discharged the results of a survey showing that nineteen of individuals globally have purchased cryptocurrency.