Bitcoin is inching closer to $10000 on June 21, 2019, and if it does, it would be its new value in the year 2019. In fact, according to the data from coinmarketcap (CMC), the total market cap has already crossed 300 billion which is hinting yet another high for the top cryptocurrency of the world.
At the time of writing, the value of Bitcoin has jumped with 6.10% over the past 24 hours which led it to cross $9800 figure as well. Nevertheless, the total market cap of Bitcoin (BTC) on Friday, June 21, also popped up higher i.e $174,456,023,438.
To be noted, Bitcoin’s value is appearing as the influencing reason for many other altcoins on the graph of CMC. Indeed, the value of Ethereum (ETH) is soaring with 8.20%, XRP with 4.20%, Litecoin (LTC) with 3.80%, Bitcoin Cash (BCH) with 7.10%, EOS with 5.71%, Binance Coin (BNB) with 5.24%, Bitcoin SV (BSV) with 5.54 percent, Tether (USDT) with 0.21% and Stellar (XLM) with 2.86% over the past 24 hours respectively.
Bitcoin on Bull Run?
However, the soaring price of Bitcoin is the historical reason behind the greener look of the other cryptocurrencies of the market. Moreover, it’s not more than a week when Bitcoin crossed a peak of $9000. As Coingape reported, Bitcoin on June 16, 2019, jumped over the line of $9k figure and is all set to make yet another hit of $10k anytime soon.
Bitcoin’s market cap has absolutely excited many prominent leaders of the industry as well the community at large. Concerning the regards, Anthony Pompliano broke out a tweet of Bitcoin’s mark of $170 billion market cap. On top of all, the value which BTC is presently trading at i.e $9800 has seen the growth of 162% year to date. Also to note, the price seems nearly 130% higher so far this quarter.
There seems no strong reason that directs Bitcoin on growing graph – but its worth to note that the year 2019 is reclaiming the historical higher figures of Bitcoin. It was 2017 when traders, investors, and community enjoyed the bull market and in the year 2018 the market was quite dull and the year 2019 is likely the year that’s bringing back bull days of the crypto market.
Moreover, it’s exciting to see when will Bitcoin actually breaks $10k figure. So readers, what’s your opinion, will it hit $10k trading value before the upcoming week? Let us know in the comment below.
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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