Bitcoin [BTC] Up 42% Since June-Lowest, John McAfee Says Bull Market is Just About Here

Bitcoin (BTC) has jumped over $8k and is now aiming for $9,000 price level. As the majority of the cryptocurrencies like Ethereum (ETH), XRP, Bitcoin Cash (BCH), EOS, Stellar (XLM) Litecoin (LTC), and Tron (TRX) among others are rising, crypto influencer John McAfee states that though bull run came a little late, it is insignificant in the long term as bull market is here.

Bitcoin [BTC] at $8,265, now aiming for $9k

Bitcoin has run past $8,000. At the time of writing, Bitcoin has been at $8,250 with a rise of 7.36 percent. It has been a good day for the bitcoin as it crossed the $8k level and is now aiming for $9k.

As the chart shows, an upward trend has permeated the market. Starting with a slow but steady incline, Bitcoin soon jumped and extended the gains.

If we take a look at this year’s lowest on June 29 at $5,838, Bitcoin has risen approximately 42 percent since then. This significant surge definitely gives an indication of upcoming green days. Also, BTC dominance has reached 47.4 percent.

Also, read: Bitcoin [BTC] Smashes $8k, Mike Novogratz Says Next Step 10k then Straight to $20k

A couple of months late but an insignificant delay: McAfee

According to the crypto influencer, John McAfee, a bull run in the entire crypto market is just about here. Though according to him, it came a little late but surely in the prospect of long-term, that is simply insignificant.

Bitcoin over $8,000. I think the past week has shown that the bull market is right around the corner. A couple of months later than I thought, but in the long term, an insignificant delay.

— John McAfee (@officialmcafee) July 24, 2018

At the beginning of the day, the bitcoin price surged while altcoins were registering losses. However, the latest numbers of the crypto market suggest otherwise.

Ethereum (ETH) is up by 2 percent at $471 while XRP has risen 1.05 percent at $0.456. Bitcoin Cash (BCH) has a decent surge of about 5.09 percent at $854 along with Stellar (XLM) at $0.299 with gains of 4.16% and Litecoin (LTC) is up by 3.12 percent at $87.41. Bitcoin Private (BTCP) is today’s highest gainer with 21.70 percent at $8.67.

The overall market cap has reached $297 billion with a 24 hours trading volume of about $19 billion.

Given the current market sentiments and the constant upward momentum, a full-on bulls breakout just might be here as McAfee is stating it to be.

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Sagar Saxena

Passionate about Blockchain and has been researching and writing about the Blockchain technology for over a year now. Also holds expertise in digital marketing.

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