Bitcoin got an impressive figure within a few hours. The currency began this new week with $11400 figure and currently trading at over $11800 against US Dollar.
At the current time, Bitcoin is soaring with 5.7 percent within the past 24 hours and counting the total market cap $211,342,968,779. Seeing the enormous rise within a few hours, it is quite exciting to predict $12k figure in the next few hours.
Moreover, Bitcoin isn’t the only currency enjoying this growth, however, other cryptocurrencies including Ethereum (ETH), XRP, Litecoin (LTC), Bitcoin Cash (BCH), EOS, Binance Coin (BNB) and other altcoins as well surging in a growing graph. In fact, Ethereum is soaring with 5.71 percent within past 24 hours, XRP with 0.55percent, Litecoin with 1.37 percent, Bitcoin Cash with 2.04 percent, EOS with 2.18 percent, Binance Coin with 2.44 percent respectively.
The closer look at the market cap reveals that the high trading of Bitcoin is happening in the pair of USDT. In fact, few largest crypto exchanges with high bitcoin trading volumes are – CoinBene, OEX, Bit-Z, BW.com, BitForex, LBank, Binance, DOBI Exchange, Huobi Global, Coinreal, OKEx and unlike. At the press time, Bitcoin is trading at $11915 at CoinBene exchange.
With more and more positive news surfaced across the web, the value of Bitcoin reacted positively – In fact, in the latest interview on Bloomberg TV, a U.S Finance Veteran, Mobius who earlier expressed negative sentiments around Bitcoin – has recently said: “he will buy Bitcoin if growth continues”. Similarly, vocal bitcoin critic “Peter Schiff” also publicized his crypto holdings recently and received a considerate amount of donations from bitcoiners including Anthony Pompliano, founder of Morgan Creek Capital.
Talking about Bitcoin, Mobius summarized in an interview;
“I’m not a buyer, but I realize it’s something we have to account for,”. He continued stating, “At the end of the day, there are many people who do believe in it, and if it continues and grows, then I would probably have to be a buyer and be involved with this.”
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com